$AFG:ASX - AUSTRALIAN FINANCE GROUP - Popped resistance area

Volume indicators are a bit weak for my liking, but it has been having a good run (up almost 100% over 6 months) and if it is up Monday it could be worth a closer watch.

Australian Finance Group Limited (AFG) is a mortgage broking company. The Company's principal activities are mortgage origination and management of home loans and commercial loans, and distribution of own branded home loan products, be they funded through traditional mortgage management products, while label or its residential mortgage backed securities program. Its segments include AFG Wholesale Mortgage Broking, AFG Home Loans and Other. The AFG Wholesale Mortgage Broking segment includes operating activities in which the Company acts as a wholesale mortgage broker that provides its broker members with administrative and infrastructure support, as well as access to a panel of lenders. The AFG Home Loans segment offers its branded mortgage products. It offers commercial finance, insurance products, and AFG-branded and securitized products. Its subsidiaries include Australian Finance Group (Commercial) Pty Ltd and Australian Finance Group Securities Pty Ltd, among others.

Comment:

Been a while since I looked at it after the sell off, but it is in comeback territory.