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TMCNet:  Independence Holding Has Returned 13.5% Since SmarTrend Recommendation (IHC)

[November 08, 2012]

Independence Holding Has Returned 13.5% Since SmarTrend Recommendation (IHC)

Nov 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Independence Holding (NYSE:IHC) on October 22nd, 2012 at $9.22. In approximately 2 weeks, Independence Holding has returned 13.51% as of today's recent price of $7.97.

In the past 52 weeks, shares of Independence Holding have traded between a low of $7.02 and a high of $10.79 and are now at $7.97, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

Independence Holding Company sells life and health insurance through its wholly-owned subsidiaries, Standard Security Life Insurance Company of New York, and Madison National Life Insurance Company, Inc. The Company is licensed to sell insurance in the United States, the District of Columbia, and the Virgin Islands.

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

Log in and add Independence Holding (IHC) 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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