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Shares of CNO Financial Has Risen Above Previous 52-Week High

By James Quinn

Shares of CNO Financial (NYSE:CNO) traded today at $16.98, breaking its 52-week high. This new high was reached on below average trading volume as 172,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

CNO Financial Group Inc. formerly Conseco, Inc., is the holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company focuses on serving the senior and middle income markets.

CNO Financial (NYSE:CNO) defies analysts with a current price ($16.95) 4.3% above its average consensus price target of $16.21. CNO Financial shares have support at the 50-day moving average (MA) of $15.17 and additional support at the 200-day MA of $13.22.

CNO Financial share prices have moved between a 52-week high of $16.98 and a 52-week low of $8.53 and are now trading 99% above that low price at $16.95 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of CNO Financial on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.42. Since that recommendation, shares of CNO Financial have risen 78.9%. We continue to monitor CNO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cno financial

Ticker(s): CNO