Katie Stockton says insurance stocks are breaking out. Here are 3 names that stand out

As the equity market's leadership broadens out, we are looking for opportunities to capture counter-trend outperformance within select subsectors. Insurance stands out, for one, with the group poised for further strength while individual names show differentiated technical setups. The SPDR S & P Insurance ETF (KIE) has been locked in a trading range, bound by resistance near $61 and support near $54. Now, KIE appears poised for a breakout as intermediate-term momentum has shifted positive. The ETF is also testing relative resistance as it stages counter-trend outperformance within its secular relative downtrend. A breakout in both absolute and relative terms would mark a more meaningful shift for KIE and support intermediate-term outperformance by insurance stocks. We present three bullish charts within the space. The Travelers Companies (TRV) has confirmed a breakout above resistance from its prior highs near $310, which now acts as support. The breakout coincides with a recent MACD buy signal, supporting upside follow-through alongside positive short- and long-term momentum. A measured move objective of about $341 can be derived based on the width of the recent range. Progressive (PGR) has seen a strong counter-trend move within its cyclical downtrend, reclaiming its 200-day moving average (MA) and bumping up against the weekly cloud, which spans from about $213 to $232. …