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Aetna: 52-Week High Recently Eclipsed (AET)

By Shiri Gupta

Aetna (NYSE:AET) traded today at a new 52-week high of $147.91. So far today approximately 204,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.

Aetna share prices have moved between a 52-week high of $147.91 and a 52-week low of $92.42 and are now trading 60% above that low price at $147.91 per share. The 200-day and 50-day moving averages have moved 0.03% higher and 0.56% higher over the past week, respectively.

Aetna Inc. is a diversified health care benefits company that provides healthcare and related benefits, serving health care members, dental members, and group insurance customers. The Company offers medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans.

Aetna (NYSE:AET) is currently priced 5.2% above its average consensus analyst price target of $140.27. The stock should find initial support at its 50-day moving average (MA) of $111.74 and further support at its 200-day MA of $110.12.

SmarTrend recommended that subscribers consider buying shares of Aetna on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $131.40. Since that recommendation, shares of Aetna have risen 12.4%. We continue to monitor AET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Aetna

Ticker(s): AET