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TMCNet:  Global Indemnity Shares Up 14.4% Since SmarTrend's Buy Recommendation (GBLI)

[January 03, 2013]

Global Indemnity Shares Up 14.4% Since SmarTrend's Buy Recommendation (GBLI)

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Global Indemnity (NASDAQ:GBLI) on September 10th, 2012 at $20.39. In approximately 4 months, Global Indemnity has returned 14.45% as of today's recent price of $23.33.

In the past 52 weeks, shares of Global Indemnity have traded between a low of $15.50 and a high of $27.29 and are now at $23.33, which is 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Global Indemnity PLC, through its subsidiaries, is a specialty property and casualty insurer. The Company's United States insurance subsidiaries are either licensed or authorized to write surplus lines or specialty admitted business in all states. Global Indemnity's non-United States operations consist of Barbados-based and Bermuda-based insurance companies.

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