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Watch for Amer Finl Group to Potentially Pullback After Gaining 1.09% Yesterday

By Amy Schwartz

Amer Finl Group (NYSE:AFG) traded in a range yesterday that spanned from a low of $104.70 to a high of $106.21. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $104.99 on volume of 134,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Amer Finl Group has traded in a range of $84.18 to $114.65 and is now at $106.15, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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

Keywords: rebounders amer finl group

Ticker(s): AFG