Today, shares of Assurant (NYSE:AIZ) have crossed bearishly below their 10-day moving average of $39.21 on a volume of 323K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Assurant, Inc. provides specialized insurance and insurance-related products. The Company offers individual and small employer group health insurance, group dental insurance, pre-funded funeral insurance, group disability and life insurance, creditor-placed homeowners insurance, manufactured housing homeowners insurance, debt protection administration, credit insurance, and warranties.
In the past 52 weeks, Assurant share prices have been bracketed by a low of $30.65 and a high of $42.06 and are now at $39.01, 27% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 0.26% higher over the past week, respectively.
There is potential upside of 24.1% for shares of Assurant based on a current price of $39.01 and an average consensus analyst price target of $48.40. Assurant shares should encounter resistance at the 50-day moving average (MA) of $39.26 and support at its 200-day MA of $36.86.
