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American Financial Shows Improved Relative Strength; Still Shy Of Benchmark

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American Financial ( AFG ) saw a positive improvement to its Relative Strength ( RS ) Rating on Friday, rising from 68 to 73.

[ibd-display-video id=3105496 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.

History reveals that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves. See if American Financial can continue to rebound and clear that threshold.

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American Financial is now considered extended and out of buy range after clearing a 105.68 buy point in a first-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings growth moved up in the company's latest report from -30% to 11%, but sales fell from 8% to 4%.

American Financial holds the No. 11 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital ( KNSL ), MGIC Investment ( MTG ) and Progressive ( PGR ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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