American Financial Group saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 68 to 72.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if American Financial Group can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
American Financial Group is now considered extended and out of buy range after clearing a 134.15 buy point in a first-stage double bottom. 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 moving average.
EPS growth fell last quarter from 8% to -6%, but sales rose from 3% to 9%.
American Financial Group earns the No. 33 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General, Allstate and Intl General Insurance are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
