Shares of Amtrust Financial Services Has Risen Above Previous 52-Week High
Amtrust Financial Services (NASDAQ:AFSI) traded at a new 52-week high today of $34.77. This new high was reached on below average trading volume as 142,000 shares traded hands, while the average 30-day volume is approximately 226,000 shares.
AmTrust Financial Services, Inc. offers insurance coverage. The Company offers property/casualty, workers' compensation, special risk, and warranty insurance, and extended service plans. The Company operates in the United States and the European Union, and reinsures risk worldwide.
Amtrust Financial Services (NASDAQ:AFSI) defies analysts with a current price ($34.50) 10.9% above its average consensus price target of $30.73. The stock should find initial support at its 50-day moving average (MA) of $30.25 and further support at its 200-day MA of $27.19.
Amtrust Financial Services share prices have moved between a 52-week high of $34.77 and a 52-week low of $23.14 and are now trading 49% above that low price at $34.50 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.
SmarTrend recommended that subscribers consider buying shares of Amtrust Financial Services on November 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.08. Since that recommendation, shares of Amtrust Financial Services have risen 32.9%. We continue to monitor AFSI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows amtrust financial services