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 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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