Stock Chart Analysis AFSI

Posted by downtowntrader | 10/01/2007 09:40:00 PM | 0 comments »

Stock Chart Analysis AFSI

Amtrust Financial Services, Inc. (Public, NASDAQ:AFSI)

The insurance sector has been perking up lately and AFSI has the potential for being an outperformer if the sector breaks out. AFSI is pretty young, coming up on it 1st year of trading and it looks like it's first correction is about up. It is starting to set higher lows as buyers get more aggressive. It convincingly reclaimed the 50 day sma today and could challenge resistance overhead soon.

Good Trading,


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