Insurance Technology Industry News

TMCNet:  Meadowbrook Insurance Group Down 15.8% Since SmarTrend Downtrend Call (MIG)

[November 28, 2012]

Meadowbrook Insurance Group Down 15.8% Since SmarTrend Downtrend Call (MIG)

Nov 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Meadowbrook Insurance Group (NYSE:MIG) on October 19th, 2012 at $6.50. In approximately 1 month, Meadowbrook Insurance Group has returned 15.85% as of today's recent price of $5.47.

Meadowbrook Insurance Group share prices have moved between a 52-week high of $11.91 and a 52-week low of $5.30 and are now trading 3% above that low price at $5.47 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 1%.

Meadowbrook Insurance Group, Inc. provides alternative risk management programs and services. These include reinsurance brokering, risk management consulting, claims handling, administrative services, along with various types of property and casualty insurance coverage. The Company also operates retail insurance agencies.

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

Log in and add Meadowbrook Insurance Group (MIG) 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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