Insurance Technology Industry News

TMCNet:  Uptrend Call Working As AllianceBernstein Stock Rises 33.5% (AB)

[November 22, 2012]

Uptrend Call Working As AllianceBernstein Stock Rises 33.5% (AB)

Nov 22, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for AllianceBernstein (NYSE:AB) on August 23rd, 2012 at $13.48. In approximately 3 months, AllianceBernstein has returned 33.46% as of today's recent price of $17.99.

In the past 52 weeks, shares of AllianceBernstein have traded between a low of $11.44 and a high of $17.99 and are now at $17.99, which is 57% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

AllianceBernstein Holding LP is an investment management firm. The Company provides investment management services to U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of AllianceBernstein shares.Log in and add AllianceBernstein (AB) 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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