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Bullish Moving Average Cross by Amer Finl Group (AFG)

By James Quinn

Amer Finl Group (NYSE:AFG) shares have crossed bullishly above their 10-day moving average of $97.02 on a volume of 105K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Amer Finl Group share prices have been bracketed by a low of $84.18 and a high of $117.50 and are now at $97.42, 16% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Amer Finl Group on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.76. Since that recommendation, shares of Amer Finl Group have risen 4.5%. We continue to monitor AFG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amer finl group

Ticker(s): AFG