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Shares of Aflac Inc Rise to a New 52-Week High

By David Diaz

Aflac Inc (NYSE:AFL) traded at a new 52-week high today of $50.63. Approximately 130,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.

Over the past year, Aflac Inc has traded in a range of $41.45 to $50.63 and is now at $50.57, 22% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 0.61% higher over the past week, respectively.

Aflac Inc (NYSE:AFL) is currently priced 8.0% above its average consensus analyst price target of $46.50. The stock should find initial support at its 50-day moving average (MA) of $48.04 and further support at its 200-day MA of $45.82.

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.

SmarTrend recommended that subscribers consider buying shares of Aflac Inc on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.60. Since that recommendation, shares of Aflac Inc have risen 10.2%. 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