Insurance Technology Industry News

TMCNet:  Uptrend Call Working As Markel Stock Rises 28.6% (MKL)

[November 23, 2012]

Uptrend Call Working As Markel Stock Rises 28.6% (MKL)

Nov 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Markel (NYSE:MKL) on October 21st, 2011 at $380.33. In approximately 13 months, Markel has returned 28.57% as of today's recent price of $488.99.

Over the past year, Markel has traded in a range of $378.75 to $502.20 and is now at $488.99, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. The Company also underwrites a diverse property, casualty, marine, and aviation insurance and reinsurance business on a worldwide basis.

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