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Aflac: 52-Week High Recently Eclipsed (AFL)

By Nick Russo

Shares of Aflac (NYSE:AFL) traded today at $78.87, breaking its 52-week high. This new high was reached on below average trading volume as 282,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.

Over the past year, Aflac has traded in a range of $51.41 to $78.87 and is now at $78.87, 53% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

Aflac, Inc. is a general business holding company. The Company, through its subsidiaries, provides supplemental insurance to individuals in the United States and Japan. Aflac's products include accident/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, and fixed-benefit dental plans.

Aflac (NYSE:AFL) is currently priced 9.0% above its average consensus analyst price target of $71.77. Aflac shares have support at the 50-day moving average (MA) of $64.30 and additional support at the 200-day MA of $61.43.

SmarTrend recommended that subscribers consider buying shares of Aflac on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.96. Since that recommendation, shares of Aflac have risen 10.5%. We continue to monitor AFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Aflac

Ticker(s): AFL