Aon Corp. stock trades under the ticker AON & has shown recent bullish behavior that traders & investors should research further into.
AON stock closed at $300.47/share on 3/20/2023.
Aon Corp. AON Stock’s Technical Performance Broken Down
AON Stock Price: $300.47
10 Day Moving Average: $296.13
50 Day Moving Average: $310.04
200 Day Moving Average: $290.02
RSI: 47.95
MACD: -4.097
Yesterday, AON stock completed a bullish MACD crossover, gaining +1.31% on the day’s session.
Their RSI is neutral & recent trading volumes have been above average compared to the year prior, as they try to recover from losses incurred in earlier 2023.
AON stock has support at the $296.35, $296.13 (10 day moving average) & $294.47/share price levels, with resistance at the $302.17, $310.04 (50 day moving average) & $314.09/share price levels.
Aon Corp. AON Stock As A Long-Term Investment
Long-term oriented investors will like AON stock’s 24.45 P/E (ttm).
Before investing, it would be wise to look closer into their recently reported growth metrics, with 1.6% Quarterly Revenue Growth Y-o-Y & -23.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require a more thorough review, with $1.03B of Total Cash (mrq) & $11.68B of Total Debt (mrq).
AON stock pays a modest 0.74% dividend, which appears to be sustainable in the long-run as their payout ratio is 18.04%.
87.24% of AON stock’s outstanding share float is owned by institutional investors.
Aon Corp. AON Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from AON stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 6/16 expiration date.
The $300, $290 & $260 call options are all in-the-money, listed from most to least liquid strike price.
The $310, $320 & $330 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
AON stock has many interesting attributes that traders & investors will find appealing.
Investors will like their P/E (ttm) & modest, but sustainable dividend.
Traders will like their recent technical performance.
All-in-all, it is worth taking a closer look into how AON stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN AON STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***