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Bearish Moving Average Cross by Aflac Inc (AFL)

By David Diaz

Aflac Inc (NYSE:AFL) shares have crossed bearishly below their 10-day moving average of $46.59 on a volume of 245K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Aflac Inc share prices have been bracketed by a low of $42.13 and a high of $91.76 and are now at $46.34, 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Aflac Inc and will alert subscribers who have AFL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses aflac inc

Ticker(s): AFL