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Watch for Continued Gains in Shares of Arthur J Gallagh (AJG)

By Shiri Gupta

Arthur J Gallagh (NYSE:AJG) traded today at a new 52-week high of $92.31. So far today approximately 77,000 shares have been exchanged, as compared to an average 30-day volume of 905,000 shares.

Arthur J Gallagh share prices have moved between a 52-week high of $92.31 and a 52-week low of $68.19 and are now trading 35% above that low price at $92.31 per share. The 200-day and 50-day moving averages have moved 0.32% higher and 0.62% higher over the past week, respectively.

Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage, risk management, employee benefit, and other related services to clients in the United States and abroad. The Company's principal activity is the negotiation and placement of insurance for its clients. Gallagher also specializes in furnishing risk management services.

Arthur J Gallagh (NYSE:AJG) is currently priced 19.9% above its average consensus analyst price target of $73.90. The stock should discover initial support at its 50-day moving average (MA) of $86.28 and subsequent support at its 200-day MA of $78.95.

SmarTrend recommended that subscribers consider buying shares of Arthur J Gallagh on April 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.85. Since that recommendation, shares of Arthur J Gallagh have risen 14.1%. We continue to monitor AJG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows arthur j gallagh

Ticker(s): AJG