PRU Stock Near 52-Week High: What Investors Should Know?

Prudential Financial Inc. (PRU) closed at $121.10 on Monday, near its 52-week high of$128.53. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $117.29 and$113.28, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Shares of this multi-line insurer have gained 16.8% ...