• Return to Headlines

Bearish Moving Average Cross by Amtrust Financial Services (AFSI)

By James Quinn

Today, shares of Amtrust Financial Services (NASDAQ:AFSI) have fallen below their 10-day MA of $21.41 on a volume of 2.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Amtrust Financial Services share prices have been bracketed by a current low of $17.69 and a high of $35.94 and are now at $18.20. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Amtrust Financial Services on January 20th, 2017 by issuing a Downtrend alert when the shares were trading at $26.66. Since that call, shares of Amtrust Financial Services have fallen 18.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amtrust financial services

Ticker(s): AFSI