Insurance Technology Industry News

TMCNet:  PartnerRe Shares Up 17.8% Since SmarTrend's Buy Recommendation (PRE)

[December 28, 2012]

PartnerRe Shares Up 17.8% Since SmarTrend's Buy Recommendation (PRE)

Dec 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for PartnerRe (NYSE:PRE) on March 28th, 2012 at $67.38. In approximately 9 months, PartnerRe has returned 17.76% as of today's recent price of $79.35.

Over the past year, PartnerRe has traded in a range of $61.30 to $84.85 and is now at $79.90, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

PartnerRe Ltd. provides multi-line reinsurance to insurance companies on a worldwide basis through its wholly owned subsidiaries. The Company offers catastrophe, property, automobile, marine, space and aviation, credit/surety, miscellaneous casualty lines, life/annuity. and health.

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