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Recent 52-Week High Exceeded in Shares of Aflac Inc (AFL)

By Nick Russo

Aflac Inc (NYSE:AFL) traded at a new 52-week high today of $82.64. Approximately 203,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.

Aflac, Inc. is a general business holding company. The Company, through its subsidiaries, provides supplemental insurance to individuals in the United States and Japan. Aflac's products include accident and disability, cancer expense, short-term disability, sickness and hospital indemnity, hospital intensive care, and fixed-benefit dental plans.

Aflac Inc (NYSE:AFL) is currently priced 8.9% above its average consensus analyst price target of $75.00. The stock should find initial support at its 50-day moving average (MA) of $64.30 and further support at its 200-day MA of $61.43.

Aflac Inc share prices have moved between a 52-week high of $82.64 and a 52-week low of $66.50 and are now trading 24% above that low price at $82.37 per share. The 200-day and 50-day moving averages have moved 0.23% higher and 1.17% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Aflac Inc on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.96. Since that recommendation, shares of Aflac Inc have risen 15.6%. We continue to monitor AFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aflac inc

Ticker(s): AFL