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Aegon: New 52-Week Low Set Today (AEG)

By David Diaz

Aegon (NYSE:AEG) traded at a new 52-week low today of $3.62. This new low was reached on approximately average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

In the past 52 weeks, Aegon share prices have been bracketed by a current low of $3.62 and a high of $8.16 and are now at $3.63. The 200-day and 50-day moving averages have moved 0.7% lower and 1.09% higher over the past week, respectively.

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.

Aegon (NYSE:AEG) has potential upside of 65.1% based on a current price of $3.63 and analysts' consensus price target of $5.99. The stock should run into initial resistance at its 50-day moving average (MA) of $5.58 and subsequent resistance at its 200-day MA of $5.91.

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 18.8%. 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