Insurance Technology Industry News

TMCNet:  Uptrend Call Working As Harleysville Group Stock Rises 95.8% (HGIC)

[December 17, 2012]

Uptrend Call Working As Harleysville Group Stock Rises 95.8% (HGIC)

Dec 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Harleysville Group (NASDAQ:HGIC) on September 23rd, 2011 at $30.61. In approximately 15 months, Harleysville Group has returned 95.79% as of today's recent price of $59.93.

In the past 52 weeks, shares of Harleysville Group have traded between a low of $24.75 and a high of $59.96 and are now at $59.93, which is 142% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Harleysville Group Inc. is an insurance holding company. The Company operates with Harleysville Mutual Insurance Company to form a network of insurance companies primarily in the eastern and midwestern United States. Harleysville underwrites personal and commercial property and casualty coverages, including automobile, homeowners, commercial multi-peril, and workers compensation.

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