Aflac Bearish Moving Average Crossover Alert (AFL)
Aflac (NYSE:AFL) crossed under its 10-day moving average of $69.14 on a volume of 285K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Aflac have traded between a low of $51.41 and a high of $70.09 and are now at $68.96, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.2%.
SmarTrend recommended that subscribers consider buying shares of Aflac on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.75. Since that recommendation, shares of Aflac have risen 16.3%. We continue to monitor AFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Aflac