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Amer Finl Group Rises 2.02% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Amer Finl Group (NYSE:AFG) traded in a range yesterday that spanned from a low of $102.35 to a high of $104.10. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $101.87 on volume of 192,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Amer Finl Group have traded between a low of $84.18 and a high of $114.80 and are now at $104.03, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Amer Finl Group and will alert subscribers who have AFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders amer finl group

Ticker(s): AFG