American Financial (AFG) – Defensive Insurance Play – June 28th, 2019
Bullish – AFG $102.12 – Financial
The bullish DailyPlay we chose for Friday, June 28th is American Financial (AFG). AFG is part of the Financial Sector (XLF). XLF has rallied 2.68% higher over the past month and its 1m and 6m trend turned bullish yesterday and bounced higher off its $27 support level.
American Financial’s 1m and 6m trend turned bullish on yesterday and bounced higher off its $101 support level. With a technical score of 6 (out of 10), AFG is a neutral stock that is starting to turn higher.
As a stop loss, if AFG was to trade below $101 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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