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Assurant Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Assurant (NYSE:AIZ) traded today at $88.25, breaking its 52-week high. Approximately 136,000 shares have changed hands today, as compared to an average 30-day volume of 661,000 shares.

Potential upside of 0.6% exists for Assurant, based on a current level of $87.86 and analysts' average consensus price target of $88.40. The stock should find initial support at its 50-day moving average (MA) of $78.63 and further support at its 200-day MA of $78.62.

In the past 52 weeks, shares of Assurant have traded between a low of $61.95 and a high of $88.25 and are now at $87.86, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.

Assurant, Inc. provides specialized insurance and insurance-related products. The Company offers individual and small employer group health insurance, group dental insurance, pre-funded funeral insurance, group disability and life insurance, creditor-placed homeowners insurance, manufactured housing homeowners insurance, debt protection administration, credit insurance, and warranties.

SmarTrend recommended that subscribers consider buying shares of Assurant on March 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.00. Since that recommendation, shares of Assurant have risen 14.7%. We continue to monitor AIZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows assurant

Ticker(s): AIZ