Insurance Technology Industry News

TMCNet:  Webster Financial Down 11.1% Since SmarTrend Downtrend Call (WBS)

[December 28, 2012]

Webster Financial Down 11.1% Since SmarTrend Downtrend Call (WBS)

Dec 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Webster Financial (NYSE:WBS) on October 12th, 2012 at $22.62. In approximately 3 months, Webster Financial has returned 11.05% as of today's recent price of $20.12.

In the past 52 weeks, shares of Webster Financial have traded between a low of $18.88 and a high of $24.98 and are now at $20.12, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

Webster Financial Corporation is the holding company for Webster Bank, N.A. and Webster Insurance. The Bank provides business and consumer banking, mortgage, insurance, trust, financial planning and investment services. Webster also offers asset-based lending, insurance premium financing and equipment financing.

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

Log in and add Webster Financial (WBS) 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

[ Back To Insurance Technology Homepage's Homepage ]

FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!