Don't Ignore This Chart

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

Greg Schnell | 

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.

For our educational segment, check out the new member dashboard on the Member's tab.

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 

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at 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).
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