Shares of Amtrust Financial Services Rise Above Previous 52-Week High
Shares of Amtrust Financial Services (NASDAQ:AFSI) traded today at $33.23, breaking its 52-week high. This new high was reached on below average trading volume as 88,000 shares traded hands, while the average 30-day volume is approximately 213,000 shares.
Amtrust Financial Services (NASDAQ:AFSI) is currently priced 7.5% above its average consensus analyst price target of $30.73. The stock should find initial support at its 50-day moving average (MA) of $28.80 and further support at its 200-day MA of $26.66.
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.
In the past 52 weeks, Amtrust Financial Services share prices have been bracketed by a low of $22.89 and a high of $33.23 and are now at $33.23, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.
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 25.6%. 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