Don't Ignore This Chart

Aflac (AFL) Quacks Out A New High - Members Dashboard Tip

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Some commercials are more memorable than others. As soon as we are reminded of the word Aflac, we immediately think of the white duck in a bizarre situation screaming AFLAC ! Without question, the commercials work for brand recognition. However, today the Aflac stock broke out to a new 52-week high from a nice consolidation. 


This chart has lots of similarity to the Japanese Yen chart. I found this article on the company. They insure 1 in 4 Japanese households. So a rising Yen helps Aflac, a falling Yen hurts Aflac.

Now that the Yen is breaking out of a base, it would appear that Aflac is breaking out too.


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It has a very different look and feel. Take a few minutes to try it while it is in beta! I love it, how about you?

Good trading,
Greg Schnell, CMT,MFTA 

 

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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