Insurance Technology Industry News

TMCNet:  16.9% Return Seen to Date on SmarTrend CNinsure Call (CISG)

[November 28, 2012]

16.9% Return Seen to Date on SmarTrend CNinsure Call (CISG)

Nov 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for CNinsure (NASDAQ:CISG) on September 14th, 2012 at $6.36. In approximately 3 months, CNinsure has returned 16.92% as of today's recent price of $7.43.

CNinsure share prices have moved between a 52-week high of $9.02 and a 52-week low of $5.00 and are now trading 49% above that low price at $7.43 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.

CNinsure, Inc. operates an independent insurance agency and brokerage company. The Company provides insurance-related services, such as claim assessments and 24-hour emergency services, but do not assume underwritting risks. CNinsure, instead, distributes to their customers in China, insurance products underwritten by domestic and foriegn insurance companies operating in China.

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