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Aegon Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

Aegon (NYSE:AEG) traded today at a new 52-week low of $4.42. This new low was reached on below average trading volume as 755,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Aegon has overhead space with shares priced $4.45, or 25.7% below the average consensus analyst price target of $5.99. Aegon shares should first meet resistance at the 50-day moving average (MA) of $5.58 and find additional resistance at the 200-day MA of $5.91.

AEGON N.V. offers life and health insurance, and related pension, savings, and investment products in Europe and North America. The Company also offers property and casualty insurance in the Netherlands, Spain, and Hungary, and financial services including banking, equipment lease financing, and mortgage lending.

In the past 52 weeks, shares of Aegon have traded between the current low of $4.42 and a high of $8.16 and are now at $4.45. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Aegon on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $4.93. Since that call, shares of Aegon have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows aegon

Ticker(s): AEG