Insurance Technology Industry News

TMCNet:  Downgrade Alert for Aflac (AFL)

[January 18, 2013]

Downgrade Alert for Aflac (AFL)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Aflac (NYSE:AFL) was downgraded from Outperform to Market Perform at Raymond James today. The stock closed yesterday at $51.42 on volume of 4.3 million shares, above average daily volume of 2.8 million. 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/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, and fixed-benefit dental plans.

Aflac (NYSE:AFL) has potential upside of 14.2% based on a current price of $51.44 and analysts' consensus price target of $58.72. The stock should hit resistance at its 50-day moving average (MA) of $52.43, as well as support at its 200-day MA of $46.58.

In the past 52 weeks, Aflac share prices have been bracketed by a low of $38.13 and a high of $54.93 and closed yesterday at $51.44, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Aflac. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Aflac in search of a potential trend change.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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