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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Good trading,
Greg Schnell, CMT,MFTA
