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 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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