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 --------------------------------------------------------------------------------------------- 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:

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