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American Financial: The Winning Streak Continues (AFG)

By David Diaz

Shares of American Financial (NYSE:AFG) traded at a new 52-week high today of $103.19. This new high was reached on below average trading volume as 70,000 shares traded hands, while the average 30-day volume is approximately 322,000 shares.

In the past 52 weeks, American Financial share prices have been bracketed by a low of $62.98 and a high of $103.19 and are now at $102.75, 63% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.35% higher over the past week, respectively.

Based on a current price of $102.75, American Financial is currently 6.3% above its average consensus analyst price target of $96.25. The stock should discover initial support at its 200-day moving average (MA) of $70.02 and subsequent support at its 50-day MA of $69.40.

American Financial Group, Inc. provides multi-line property and casualty insurance. The Company also sells tax-deferred annuities and certain life and supplemental health insurance products. American Financial operates in the United States.

SmarTrend recommended that subscribers consider buying shares of American Financial on February 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.54. Since that recommendation, shares of American Financial have risen 14.4%. We continue to monitor AFG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american financial

Ticker(s): AFG