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Amtrust Financial Services: 52-Week High Recently Eclipsed (AFSI)

Published on Tue, 01/22/2013 - 15:11
By Peter Chu

Shares of Amtrust Financial Services (NASDAQ:AFSI) traded at a new 52-week high today of $32.39. So far today approximately 188,000 shares have been exchanged, as compared to an average 30-day volume of 213,000 shares.

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 $21.81 and a high of $32.39 and are now at $32.33, 48% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.4%.

Amtrust Financial Services (NASDAQ:AFSI) defies analysts with a current price ($32.33) 5.0% above its average consensus price target of $30.73. The stock should discover initial support at its 50-day moving average (MA) of $28.68 and subsequent support at its 200-day MA of $26.62.

By Peter Chu