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Shares of MIG Down 15.4% Since Downtrend Call on Shares
Nov 21, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Meadowbrook Insurance Group (NYSE:MIG) on October 19th, 2012 at $6.50. In approximately 1 month, Meadowbrook Insurance Group has returned 15.38% as of today's recent price of $5.50.
Over the past year, Meadowbrook Insurance Group has traded in a range of $5.30 to $11.91 and is now at $5.50, 4% above that low. The 200-day and 50-day moving averages have moved 1.01% lower and 1.37% lower over the past week, respectively.
Meadowbrook Insurance Group, Inc. provides alternative risk management programs and services. These include reinsurance brokering, risk management consulting, claims handling, administrative services, along with various types of property and casualty insurance coverage. The Company also operates retail insurance agencies.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Meadowbrook Insurance Group.
Log in and add Meadowbrook Insurance Group (MIG) 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
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UPDATED 2:44 AM EST - Jun 18, 2013
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