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TMCNet: Mercury General Has Returned 12.5% Since SmarTrend Recommendation (MCY)

[August 22, 2012]

Mercury General Has Returned 12.5% Since SmarTrend Recommendation (MCY)

Aug 22, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Mercury General (NYSE:MCY) on May 22nd, 2012 at $43.45. In approximately 3 months, Mercury General has returned 12.45% as of today's recent price of $38.04.
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Over the past year, Mercury General has traded in a range of $36.01 to $46.76 and is now at $38.04, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.2%.

Mercury General Corporation is a specialty writer of all risk classifications of automobile insurance. The Company is an agency writer of private passenger automobile insurance in California. Mercury operates primarily in California with operations in several other states.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mercury General.

Log in and add Mercury General (MCY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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