Insurance Technology Industry News

TMCNet:  Phoenix Shares Down 27.5% Since SmarTrend's Sell Call (PNX)

[November 23, 2012]

Phoenix Shares Down 27.5% Since SmarTrend's Sell Call (PNX)

Nov 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Phoenix (NYSE:PNX) on July 24th, 2012 at $31.50. In approximately 4 months, Phoenix has returned 27.52% as of today's recent price of $22.83.

Over the past year, Phoenix has traded in a range of $21.70 to $53.80 and is now at $22.83, 5% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

Dating to 1851, The Phoenix Companies, Inc. provides financial solutions using life insurance and annuities.

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


Log in and add Phoenix (PNX) 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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