Insurance Technology Industry News

TMCNet:  United Fire & Casualty Down 13.0% Since SmarTrend Downtrend Call (UFCS)

[November 22, 2012]

United Fire & Casualty Down 13.0% Since SmarTrend Downtrend Call (UFCS)

Nov 22, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for United Fire & Casualty (NASDAQ:UFCS) on October 31st, 2012 at $23.25. In approximately 3 weeks, United Fire & Casualty has returned 12.97% as of today's recent price of $20.23.

United Fire & Casualty share prices have moved between a 52-week high of $26.33 and a 52-week low of $14.79 and are now trading 37% above that low price at $20.23 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

United Fire & Casualty Company and its subsidiaries write property and casualty insurance and life insurance. The Company markets fidelity and surety bonds, reinsurance, ordinary life, annuities, and credit life products. United Fire also underwrites and brokers a limited amount of excess and surplus lines insurance. The Company is licensed primarily in the Midwestern and Western US.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of United Fire & Casualty.

Log in and add United Fire & Casualty (UFCS) 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Insurance Technology's Homepage ]