The New York City-based insurance holding company hit a 52-week high late last month as shares rose to $63.30 on June 19.
Insight From TheStreet Research Team:
AmTrust Financial Services is one of those rare financial names that continues to make higher highs and higher lows.
Relative strength has been impressive for months, and volume trends continue to build.
The momentum indicators at the bottom are on buy signals, and we see there have been opportunities to get on board.
This would be a good add at the lower end of the channel.
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