Insurance Technology Industry News

TMCNet:  Downgrade Alert for CNA Financial (CNA)

[January 11, 2013]

Downgrade Alert for CNA Financial (CNA)

Jan 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- CNA Financial (NYSE:CNA) was downgraded from Outperform to Neutral at Macquarie today. The stock closed yesterday at $29.58 on volume of 143,000 shares, above average daily volume of 125,000. In the past 52 weeks, shares of CNA Financial have traded between a low of $25.71 and a high of $31.50 and closed yesterday at $29.58, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.13% higher over the past week, respectively.

CNA Financial has overhead space with shares priced $29.58, or 15.5% below the average consensus analyst price target of $35.00. CNA Financial shares have support at the 50-day moving average (MA) of $28.36 and additional support at the 200-day MA of $28.05.

CNA Financial Corporation operates as an insurance holding company and, through its subsidiaries, provides commercial property and casualty coverages. The Company's services include risk management, information services, warranty and claims administration.

SmarTrend is monitoring the recent change of momentum in CNA Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CNA Financial in search of a potential trend change.

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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