Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: AFLAC - AFL

Tuesday, November 6, 2012

AFLAC - AFL - Barchart Chart of the Day

Barchart.coms Chart of the Day - Aflac (AFL)

Barchart Research Team - BC - Mon Nov 05, 4:33PM CST

The "Chart of the Day" is Aflac (AFL), which showed up on Monday's Barchart "52-Week High" list. Aflac on Monday posted a new 16-month high of $51.31 and closed +1.11%. TrendSpotter has been long since Oct 15 at $48.78. In recent news on the stock, Aflac on Oct 23 reported fiscal Q4 EPS of $1.77, well above the consensus of $1.66. Barron's on Sep 2 ran a story saying that Aflac stock price is cheap compared to its own history and its peers and that there is room for the stock price to grow 30%. Aflac, with a market cap of $23 billion, is a leading supplemental health and life insurance company.

afl_700

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

TrendSpotter: Buy
Short-Term Indicators: 80% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 96% Buy