$AFG with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $AFG after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
AFG trade ideas
$AFG is leading the financial sector. Is it ready to go higher?Notes:
* Very strong up trend on all time frames
* Great earnings
* Pays out dividends
* Breaking out of a base on base pattern of around 8 months
* Held up incredibly well as the general market and the financial sector were taking a beating
Technicals:
Sector: Financial - Insurance - Property & Casualty
Relative Strength vs. Sector: 1.15
Relative Strength vs. SP500: 1.16
U/D Ratio: 0.95
Base Depth: 22.15%
Distance from breakout buy point: 0.44%
Volume 9.09% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of its base and is still very close to its 50 day line.
* If you're looking for a better entry you can look for one around $136.75
* This stock usually has local tops when the price closes around 15.82% above its 50 EMA
* Consider selling into strength if the price closes 15.62% to 16.02% (or higher) above the 50 EMA...
* The last closing price is 5.02% away from its 50 EMA
$AFG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AFG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
AFG SELLHello, service to all friends, these signals are long-term and you should be patient, follow us
post-earning breakout in $AFGoptions very thin
very nice failed breakdown pre-earnings. $90 would've been very nice trade entry
$AFG - Breakout comingNews:
"In company news, American Financial Group (AFG) climbed over 17% after late Wednesday announcing the sale of its annuity business to the life insurance arm of privately held Mass Mutualfor $3.5 billion in cash. The property and casualty insurer said it expects to book a $7.10 to $7.90 per share after-tax gain after the deal closes its Q2 ending June 30."
Not active yet, but it looks like movement is imminent.
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From new process which begins with the stock screener. I am trying to identify stocks that have bottomed out or at least hit a lower resistance that begin to have upwards momentum in the RSI coupled with an EMA crossover event.
Initial Filters:
>2B Market Cap to filter small companies
Debt to Equity Ratio ( MRQ ) < 0.5 to mitigate some risk
Average Volume (30 day) > 500k -> We need volume for a big breakout
Exchange limited to NYSE and NASDAQ
RSI (56 hrs ) > 45 -> In order to have a breakout there needs to be upwards momentum in the RSI
RSI (28 hrs ) between 54 and 70 -> shorter term RSI than the other to show upwards momentum.
At any given time this returns around 75 tickers.
Next setup alerts on EMA (40hrs) over EMA (120hrs) and EMA (80hrs) over EMA (200hrs). This will result in only a few alerts per day. As they come out check to see if they fit your standard trend analysis for a potential breakout.
AFG Long on Ascending Channel- Hammer on the SMA 150 support
- Bears volume is weakening
- Both FI and Acc/Dist is higher when the price is lower.
- Decent range in channel for a high probability 3R and above profit potential
AFG - LONGLong formation in play. Breaking 92.60, I see a gap up to the next level of resistance of 99.50.
AFG - Possible Bullish Swing TradeThis is a bullish swing trade I may enter early next week, I will be entering this trade with my broker early Monday unless market looks extremely bearish.
Here is a view of the hourly time frame.
