1
AFL stock price persisted in gaining and is heading toward $100.
2
Buyers have attained momentum and sellers were in trouble.
AFLAC Inc. (NYSE: AFL) AFL stock was in an uptrend and showed a vertical rally after breaking out of the symmetrical triangle pattern above $65 in the past session. Moreover, the price action shows that AFL stock has gained pace and is looking aggressive on the charts. Recently, broking firms and analysts have increased the target price and given a positive view with a growth outlook. UBS has increased the target price from $70 to $80, and maintains a ‘hold’ rating, where Raymond James had maintained the target price at $83, with an outperform rating. Besides that, AFL stock chart shows that buyers have persisted in accumulating the stock and continued to extend the rally inside the rising parallel channel, forming the higher highs.
AFLAC stock price is above the significant moving averages and is trading close to the upper
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