Aflac Broke Resistance

Published on Friday, 20 January 2012 08:00 Written by TradersHuddle Staff

New York, January 20th (TradersHuddle.com) - Shares of Aflac, Inc. (NYSE:AFL) closed the trading session at $47.13 just above calculated resistance at $44.86 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Aflac, Inc. (NYSE:AFL) and through its subsidiaries, provides supplemental insurance in the United States and Japan. Some of Aflac's products include accident/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, and hospital intensive care plans.

Aflac's stock was trading in a well defined range with support at $42.30 and resistance at $44.86, given that this range was broken traders will be closely monitoring the stock