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Aetna: The Winning Streak Continues (AET)

By Shiri Gupta

Aetna (NYSE:AET) traded at a new 52-week high today of $151.59. So far today approximately 126,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.

Aetna (NYSE:AET) defies analysts with a current price ($151.59) 7.5% above its average consensus price target of $140.27. The stock should discover initial support at its 50-day moving average (MA) of $111.74 and subsequent support at its 200-day MA of $110.12.

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.

In the past 52 weeks, shares of Aetna have traded between a low of $92.42 and a high of $151.59 and are now at $151.59, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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 14.6%. 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