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Recent 52-Week Low Surpassed in Shares of Aegon (AEG)

By Shiri Gupta

Shares of Aegon (NYSE:AEG) traded today at $4.02, breaking its 52-week low. This new low was reached on approximately average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

There is potential upside of 48.7% for shares of Aegon based on a current price of $4.03 and an average consensus analyst price target of $5.99. The stock should find initial resistance at its 50-day moving average (MA) of $5.58 and further resistance at its 200-day MA of $5.91.

Aegon share prices have moved between a 52-week high of $8.16 and the current low of $4.02 and are currently at $4.03 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.1%.

AEGON N.V. offers life and health insurance, and related pension, savings, and investment products in Europe and North America. The Company also offers property and casualty insurance in the Netherlands, Spain, and Hungary, and financial services including banking, equipment lease financing, and mortgage lending.

SmarTrend recommended that its subscribers protect gains by selling shares of Aegon on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $4.93. Since that call, shares of Aegon have fallen 12.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows aegon

Ticker(s): AEG