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Watch for Continued Gains in Shares of Aflac Inc (AFL)

By James Quinn

Shares of Aflac Inc (NYSE:AFL) traded today at $51.84, breaking its 52-week high. So far today approximately 109,000 shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.

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.

Aflac Inc share prices have moved between a 52-week high of $51.84 and a 52-week low of $41.45 and are now trading 25% above that low price at $51.81 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.22% higher over the past week, respectively.

Aflac Inc (NYSE:AFL) is currently priced 10.2% above its average consensus analyst price target of $46.50. The stock should discover initial support at its 50-day moving average (MA) of $49.63 and subsequent support at its 200-day MA of $46.96.

SmarTrend is tracking the current trend status for Aflac Inc and will alert subscribers who have AFL in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows aflac inc

Ticker(s): AFL