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Shares of Amtrust Financial Services Rise Above Previous 52-Week High

By David Diaz

Shares of Amtrust Financial Services (NASDAQ:AFSI) traded today at $51.08, breaking its 52-week high. So far today approximately 478,000 shares have been exchanged, as compared to an average 30-day volume of 737,000 shares.

Potential upside of 10.0% exists for Amtrust Financial Services, based on a current level of $50.60 and analysts' average consensus price target of $55.67. The stock should discover initial support at its 50-day moving average (MA) of $42.47 and subsequent support at its 200-day MA of $39.85.

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.

Over the past year, Amtrust Financial Services has traded in a range of $27.90 to $51.08 and is now at $50.60, 81% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Amtrust Financial Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amtrust Financial Services in search of a potential trend change.

Keywords: 52 week high/lows amtrust financial services

Ticker(s): AFSI