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Aflac Bearish Moving Average Crossover Alert (AFL)

By David Diaz

Aflac (NYSE:AFL) shares have crossed bearishly below their 10-day moving average of $71.92 on a volume of 137K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Aflac has traded in a range of $51.41 to $74.50 and is now at $71.78, 40% above that low. 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 20.6%. We continue to monitor AFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Aflac

Ticker(s): AFL