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Watch for Continued Losses in Shares of Aegon (AEG)

By Nick Russo

Shares of Aegon (NYSE:AEG) traded at a new 52-week low today of $4.26. So far today approximately 429,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Aegon (NYSE:AEG) has potential upside of 40.5% based on a current price of $4.26 and analysts' consensus price target of $5.99. The stock should find initial resistance at its 50-day moving average (MA) of $5.58 and further resistance at its 200-day MA of $5.91.

AEGON N.V. offers life and health insurance, and related pension, savings, and investment products in Europe and North America. The Company also offers property and casualty insurance in the Netherlands, Spain, and Hungary, and financial services including banking, equipment lease financing, and mortgage lending.

In the past 52 weeks, Aegon share prices have been bracketed by a current low of $4.26 and a high of $8.16 and are now at $4.26. The 200-day and 50-day moving averages have moved 0.7% lower and 1.09% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Aegon on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $4.93. Since that call, shares of Aegon have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows aegon

Ticker(s): AEG