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Arthur J Gallagher Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Arthur J Gallagher (NYSE:AJG) traded at a new 52-week high today of $59.06. This new high was reached on below average trading volume as 60,000 shares traded hands, while the average 30-day volume is approximately 864,000 shares.

Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage, risk management, employee benefit, and other related services to clients in the United States and abroad. The Company's principal activity is the negotiation and placement of insurance for its clients. Gallagher also specializes in furnishing risk management services.

Based on a current price of $58.95, Arthur J Gallagher is currently 0.4% above its average consensus analyst price target of $58.71. The stock should find initial support at its 50-day moving average (MA) of $43.67 and further support at its 200-day MA of $42.71.

Arthur J Gallagher share prices have moved between a 52-week high of $59.06 and a 52-week low of $35.96 and are now trading 64% above that low price at $58.95 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Arthur J Gallagher on May 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.20. Since that recommendation, shares of Arthur J Gallagher have risen 3.1%. We continue to monitor AJG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows arthur j gallagher

Ticker(s): AJG