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Recent 52-Week High Exceeded in Shares of Aetna Inc (AET)

By Nick Russo

Aetna Inc (NYSE:AET) traded today at a new 52-week high of $204.20. So far today approximately 331,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

In the past 52 weeks, Aetna Inc share prices have been bracketed by a low of $149.69 and a high of $204.20 and are now at $204.01, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

Aetna Inc. is a diversified health care benefits company that provides healthcare and related benefits, serving health care members, dental members, and group insurance customers. The Company offers medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for medicaid plans.

Based on a current price of $204.01, Aetna Inc is currently 1.3% above its average consensus analyst price target of $201.38. The stock should find initial support at its 50-day moving average (MA) of $193.65 and further support at its 200-day MA of $182.75.

SmarTrend recommended that subscribers consider buying shares of Aetna Inc on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $177.59. Since that recommendation, shares of Aetna Inc have risen 14.6%. We continue to monitor AET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aetna inc

Ticker(s): AET