AmerUs Group Co

AAA

AMH has had a very exciting year so far, traveling from $57 to today's 52-week high of $62.61. As you can see from the chart below, the gains seen over the past two days have sent the price above the $60.50 resistance, which is now a level that we'd expect to become an area of support when the bears step in and push it lower. In the event that the price does fall below this $60.50 level, we'd expect AMH to find support near the bottom of the gap around the $58 mark.

We've also added the MACD indicator, which has recently crossed above its signal line. This bullish crossover suggests that we could see continued buying pressure. In addition, we've also noted the increase in volume, which may be used by the bulls as confirmation of a move higher.



AMH_011006.jpg
comments powered by Disqus
Related Analysis
  1. The ADX Shows Strong Uptrends In These 4 Stocks
    Chart Advisor

    The ADX Shows Strong Uptrends In These 4 Stocks

  2. Falling Prices Are Dragging These Gold Stocks Down
    Chart Advisor

    Falling Prices Are Dragging These Gold Stocks Down

  3. Invest In Dividend Aristocrats With This ETF
    Chart Advisor

    Invest In Dividend Aristocrats With This ETF

  4. Downward Trend Channels for the Market Correction
    Chart Advisor

    Downward Trend Channels for the Market Correction

  5. Oil, Oil Stocks: What The Charts Are Saying
    Chart Advisor

    Oil, Oil Stocks: What The Charts Are Saying

Trading Center