American Financial Group
Things have been comparatively good this year for shares of American Financial Group (AFG - Get Report), a mid-cap property and casualty insurance company that's rallied 10.47% year-to-date in addition to a 1.96% dividend yield for shareholders. As positive as this stock's performance may have been in 2011, shares look primed to deliver more stock outperformance in 2012.
That's thanks to a bullish ascending triangle setup in shares. An ascending triangle can be identified by a staunch horizontal resistance level (at $37, in AFG's case) and uptrending support below shares. When this stock breaks out above that $37 level, it's a signal that it's time to become a buyer of this stock.
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