AFLAC (AFL) NewsBite - AFL Regains Some of Monday's Losses
Tue. September 30, 2008; Posted: 10:15 AM
Sep 30, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- AFLAC (NYSE:
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PowerRating) opened at $55.94. So far today, the stock has hit a low of $54.00 and a high of $57.26. AFL is now trading at $56.25, up $5.00 (9.75%). Over the last 52 weeks the stock has ranged from a low of $51.25 to a high of $68.81. AFL shares are rising this morning after the stock market rebounded partially from yesterday afternoon's steep selloff. However, because yesterday's declines were so steep, AFL is still trading well below Friday's closing price of $59.88, as investors are still worried that the failure to pass a financial sector bailout package could lead to further weaknesses in the economy. Technical indicators for the stock are bullish and S&P gives AFL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on AFL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 45 range.
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click here. Aflac Inc (AFL) has Short Term PowerRatings of 4. Details on Aflac Inc (AFL) Short Term PowerRatings is available at
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