TMCnet News
Downgrade Alert for Aetna (AET)Feb 03, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Aetna (NYSE:AET) was downgraded from Conviction Buy to Buy at Goldman Sachs today. The stock closed yesterday at $44.80 on volume of 3.2 million shares, below average daily volume of 3.5 million. Aetna Inc. is a diversified health care benefits company that provides healthcare and related benefits, serving health care members, dental members, and group insurance customers. The Company offers medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. There is potential upside of 16.7% for shares of Aetna based on a current price of $44.79 and an average consensus analyst price target of $52.25. The stock should discover initial support at its 50-day moving average (MA) of $42.15 and subsequent support at its 200-day MA of $40.97. Aetna share prices have moved between a 52-week high of $46.01 and a 52-week low of $32.53 and closed yesterday at 38% above that low price at $44.79 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%. SmarTrend recommended that subscribers consider buying shares of Aetna on October 12th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.41. Since that recommendation, shares of Aetna have risen 19.7%. We continue to monitor AET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |