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Torchmark: 52-Week High Recently Eclipsed (TMK)

By David Diaz

Torchmark (NYSE:TMK) traded today at a new 52-week high of $63.89. So far today approximately 54,000 shares have been exchanged, as compared to an average 30-day volume of 522,000 shares.

In the past 52 weeks, shares of Torchmark have traded between a low of $48.47 and a high of $63.89 and are now at $63.79, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Torchmark Corporation is an insurance and financial services holding company. The Company's subsidiaries offer life and health insurance, and annuities. Life products include traditional and interest sensitive whole life insurance as well as term life insurance. Health products include Medicare supplement, cancer, accident, long-term care, and limited hospital and surgical coverages.

Torchmark (NYSE:TMK) defies analysts with a current price ($63.79) 9.7% above its average consensus price target of $57.58. Torchmark shares have support at the 200-day moving average (MA) of $56.83 and additional support at the 50-day MA of $54.94.

SmarTrend recommended that subscribers consider buying shares of Torchmark on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.97. Since that recommendation, shares of Torchmark have risen 4.6%. We continue to monitor TMK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows torchmark

Ticker(s): TMK