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Watch for Aflac Inc to Potentially Pullback After Gaining 1.26% Yesterday

By Amy Schwartz

Aflac Inc (NYSE:AFL) traded in a range yesterday that spanned from a low of $51.44 to a high of $52.19. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $52.18 on volume of 684,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Aflac Inc share prices have been bracketed by a low of $41.45 and a high of $57.18 and are now at $52.15, 26% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

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: rebounders aflac inc

Ticker(s): AFL