Insurance Technology Industry News

TMCNet:  FirstMerit Shares Down 8.2% Since SmarTrend's Sell Call (FMER)

[December 10, 2012]

FirstMerit Shares Down 8.2% Since SmarTrend's Sell Call (FMER)

Dec 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for FirstMerit (NASDAQ:FMER) on September 25th, 2012 at $15.17. In approximately 3 months, FirstMerit has returned 8.21% as of today's recent price of $13.92.

FirstMerit share prices have moved between a 52-week high of $17.50 and a 52-week low of $12.95 and are now trading 7% above that low price at $13.92 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

FirstMerit Corporation operates primarily as a multi-bank holding company. The Banks attract deposits, originate loans, and provide other banking services. The Company's non-banking subsidiaries provide securities brokerage, trust, equipment lease financing, insurance, and other services. FirstMerit operates in Ohio.

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

Log in and add FirstMerit (FMER) 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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