Aflac Inc. (AFL) — This supplemental life and health insurance company rose to more than $62 in September but became the victim of a massive sell-off in the financial group, which took the stock to under $11 in March.

But since January, AFL has been consolidating within a “W” or “cup-and-handle” bottom.

On Friday, it broke from the formation with a trading target of $40. But because it was up more than $4 on Thursday, buyers would be wise to wait for a shallow pullback and place limit orders to buy below Thursday’s closing price.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.