Insurance Technology Industry News

TMCNet:  Shares of HGIC Up 95.8% Since Uptrend Call on Shares

[November 23, 2012]

Shares of HGIC Up 95.8% Since Uptrend Call on Shares

Nov 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Harleysville Group (NASDAQ:HGIC) on September 23rd, 2011 at $30.61. In approximately 14 months, Harleysville Group has returned 95.82% as of today's recent price of $59.94.

Over the past year, Harleysville Group has traded in a range of $24.75 to $59.96 and is now at $59.94, 142% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Harleysville Group Inc. is an insurance holding company. The Company operates with Harleysville Mutual Insurance Company to form a network of insurance companies primarily in the eastern and midwestern United States. Harleysville underwrites personal and commercial property and casualty coverages, including automobile, homeowners, commercial multi-peril, and workers compensation.

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