American Financial (AFG) – Defensive Insurance Play – June 28th, 2019

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.