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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.
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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 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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