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Principal Financial Group: The Winning Streak Continues (PFG)

By James Quinn

Shares of Principal Financial Group (NYSE:PFG) traded at a new 52-week high today of $65.67. This new high was reached on below average trading volume as 163,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Principal Financial Group (NYSE:PFG) is currently priced 4.7% above its average consensus analyst price target of $61.75. The stock should find initial support at its 200-day moving average (MA) of $45.50 and further support at its 50-day MA of $40.52.

In the past 52 weeks, shares of Principal Financial Group have traded between a low of $33.09 and a high of $65.67 and are now at $64.77, which is 96% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

Principal Financial Group, Inc. offers businesses, individuals and institutional clients a range of financial products and services. The Company offers retirement solutions, life and health insurance, wellness programs, and investment and banking products.

SmarTrend is monitoring the recent change of momentum in Principal Financial Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Principal Financial Group in search of a potential trend change.

Keywords: 52 week high/lows Principal Financial Group

Ticker(s): PFG