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Watch for Continued Losses in Shares of Affil Managers (AMG)

By Shiri Gupta

Shares of Affil Managers (NYSE:AMG) traded today at $125.63, breaking its 52-week low. Approximately 67,000 shares have changed hands today, as compared to an average 30-day volume of 436,000 shares.

There is potential upside of 66.0% for shares of Affil Managers based on a current price of $126.12 and an average consensus analyst price target of $209.33. The stock should run into initial resistance at its 50-day moving average (MA) of $144.30 and subsequent resistance at its 200-day MA of $168.15.

Over the past year, Affil Managershas traded in a range of $125.63 to $217.00 and are now at $126.12. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.1%.

Affiliated Managers Group, Inc. is a global asset management company that invests in boutique investment management firms. The Company allows the firms in which it invests operational autonomy while providing assistance in strategic matters, marketing, distribution, product development, and operations.

SmarTrend recommended that its subscribers protect gains by selling shares of Affil Managers on August 10th, 2018 by issuing a Downtrend alert when the shares were trading at $147.95. Since that call, shares of Affil Managers have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows affil managers

Ticker(s): AMG