Watch for Continued Gains in Shares of Aflac (AFL)
Aflac (NYSE:AFL) traded today at a new 52-week high of $61.87. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
In the past 52 weeks, shares of Aflac have traded between a low of $42.39 and a high of $61.87 and are now at $61.81, which is 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.
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/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, and fixed-benefit dental plans.
Aflac has overhead space with shares priced $61.81, or 2.5% below the average consensus analyst price target of $63.42. The stock should find initial support at its 50-day moving average (MA) of $57.58 and further support at its 200-day MA of $53.15.
SmarTrend recommended that subscribers consider buying shares of Aflac on April 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.12. Since that recommendation, shares of Aflac have risen 16.8%. 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