Insurance Technology Industry News

TMCNet:  Upgrade Alert for Towers Watson & Co (TW)

[December 12, 2012]

Upgrade Alert for Towers Watson & Co (TW)

Dec 12, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Towers Watson & Co (NYSE:TW) was upgraded from Neutral to Outperform at RW Baird today. The stock closed yesterday at $54.44 on volume of 263,000 shares, below average daily volume of 345,000. Towers Watson & Company offers human resource and financial consulting services. The Company manages employee benefit programs, develops attraction, retention and reward strategies, advises pension plan sponsors on investment strategies, provides strategic and financial advice to insurance and financial services companies, and offers actuarial consulting.

Over the past year, Towers Watson & Co has traded in a range of $49.74 to $68.18 and closed yesterday at $54.44, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

Potential upside of 19.2% exists for Towers Watson & Co, based on a current level of $54.44 and analysts' average consensus price target of $64.88. Towers Watson & Co shares should encounter resistance at the 200-day moving average (MA) of $58.87 and support at the 50-day MA of $52.98.

SmarTrend recommended that its subscribers protect gains by selling shares of Towers Watson & Co on April 16th, 2012 by issuing a Downtrend alert when the shares were trading at $63.21. Since that call, shares of Towers Watson & Co have fallen 13.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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