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Shares of ESGR Up 15.4% Since Uptrend Call on Shares
Jan 30, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Enstar Group (NASDAQ:ESGR) on December 5th, 2012 at $105.04. In approximately 2 months, Enstar Group has returned 15.38% as of today's recent price of $121.19.
In the past 52 weeks, shares of Enstar Group have traded between a low of $82.36 and a high of $125.49 and are now at $121.25, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 1.24% higher over the past week, respectively.
Enstar Group Ltd. owns and manages insurance companies that offer run-off insurance. Run-off insurance covers a business owner, after he sells his business, for claims arising from the time during which he owned and operated his business.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Enstar Group shares.Log in and add Enstar Group (ESGR) 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
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