American Financial Trades Above 50-Day SMA: Time to Hold AFG Stock?

American Financial Group, Inc. (AFG) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price as of Monday was $127.14, down 15.3% from its 52-week high of $150.19.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend.AFG Price Movement vs. 50-Day Moving AverageImage Source: Zacks Investment ResearchAFG’s Ex ...