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Shares of AON Rise to a New 52-Week High

By Nick Russo

AON (NYSE:AON) traded at a new 52-week high today of $137.23. So far today approximately 87,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Aon Corporation is an insurance services holding company. The Company is comprised of risk and insurance brokerage consulting. Aon's services include helping manage risk for clients, negotiating and placing insurance risk with other carriers, and advicing clients related to health and benefits, retirement, compensation, strategic human capital, and human resource outsourcing.

Over the past year, AON has traded in a range of $83.83 to $137.23 and is now at $136.63, 63% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

AON (NYSE:AON) defies analysts with a current price ($136.63) 9.7% above its average consensus price target of $123.38. The stock should find initial support at its 50-day moving average (MA) of $101.83 and further support at its 200-day MA of $95.28.

SmarTrend recommended that subscribers consider buying shares of AON on November 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.93. Since that recommendation, shares of AON have risen 20.8%. We continue to monitor AON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows

Ticker(s): AON