American Financial Group (AFG) had its Relative Strength (RS) Rating upgraded from 66 to 72 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
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IBD’s unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if American Financial Group can continue to show renewed price strength and hit that benchmark.
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American Financial Group is building a cup without handle with a 137.72 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -5% to -4%. Revenue rose from 8% to 10%.
The company holds the No. 30 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General (MCY), Arch Capital Group (ACGL) and Skyward Specialty Ins (SKWD) are among the top 5 highly rated stocks within the group.
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This is a developing story. Please check back here for updates. BNY Mellon grew its core custody and wealth management businesses while tamping down operating