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Bullish Moving Average Cross by Amtrust Financial Services (AFSI)

By Nick Russo

Amtrust Financial Services (NASDAQ:AFSI) crossed over its 10-day moving average of $24.42 on a volume of 230K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Amtrust Financial Services share prices have been bracketed by a low of $23.55 and a high of $35.94 and are now at $25.27, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Amtrust Financial Services and will alert subscribers who have AFSI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amtrust financial services

Ticker(s): AFSI