A Point Investors Can’t Afford To Forget: Aflac Incorporated (AFL), CDW Corporation (CDW) – The RNS Daily

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AFL trading volume has added 301137 shares compared to readings over the past three months as it recently exchanged 3611137 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 3310000 shares, and this is 1.09 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.07 point.

Aflac Incorporated (NYSE:AFL) climbed by 8.36% over the past three months which led to its overall six-month increase to stand at 6.86%. The equity price rose 1.04% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -0.38% fall over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 10.88% and is now up by 8.67% since start of this year.

The shares of Aflac Incorporated dropped by -2.27% or -$1.15 from its last recorded high of $50.66 which it attained on March 19 to close at $49.51 per share. Over the past 52 weeks, the shares of Aflac Incorporated has been trading as low as $41.45 before witnessing a massive surge by 19.45% or $8.06. This price movement has led to the AFL stock receiving more attention and has become one to watch out for. It jumped by 0.28% on Sunday and this got the market excited. The stock’s beta now stands at 0.77 and when compared to its 200-day moving average and its 50-day moving average, AFL price stands 7.17% above and 0.87% above respectively. Its average daily volatility for this week is 0.95% which is less than the 1.19% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Aflac Incorporated (AFL) with most of them predicting a $47.92 price target on a short-term (12 months) basis. The average price target by the analysts will see a -3.21% rise in the stock and would lead to AFL’s market cap to surge to $35.72B. The stock has been rated an average 2.9, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 15 analysts that track Aflac Incorporated (NYSE:AFL) and find out that 9 of them rated it as a Hold. 3 of the 6 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

The price of CDW Corporation (NASDAQ:CDW) currently stands at $107 after it went up by $0.3 or 0.28% and has found a strong support at $106.21 a share. If the CDW price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $105.41 mark would also be bad for the stock as it means that the stock would plunge by 1.49% from its current position. However, if the stock price is able to trade above the resistance point around $107.53, then it could likely surge higher to try and break the upward resistance which stands at $108.05 a share. Its average daily volatility over the past one month stands at 1.67%. The stock has plunged by 0.99% from its 52-weeks high of $105.94 which it reached on Dec. 04, 2019. In general, it is 35.47% above its 52-weeks lowest point which stands at $69.05 and this setback was observed on Apr. 16, 2018.

Analysts have predicted a price target for CDW Corporation (CDW) for 1 year and it stands at an average $103.14/share. This means that it would likely increase by -3.61% from its current position. The current price of the stock has been moving between $105.94 and $107.26. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $96. On the other hand, one analyst is super bullish about the price, setting a target as high as $117.

The CDW stock Stochastic Oscillator (%D) is at 96.54%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.97 which compares to the 2.58 recorded by the industry or the 2.64 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 17.36, which is lower than the 25.63 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 37.9% over the past five years.

Analysts view CDW Corporation (NASDAQ:CDW) as a Buy, with 1.9 consensus rating. Reuters surveyed 9 analysts that follow CDW and found that 3 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying CDW Corporation (CDW) shares or sell it if they already own it.

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