Insurance Technology Industry News

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 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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