Insurance Technology Industry News

TMCNet:  Upgrade Alert for WR Berkley (WRB)

[February 01, 2013]

Upgrade Alert for WR Berkley (WRB)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- WR Berkley (NYSE:WRB) was upgraded from Sell to Hold at Deutsche Bank today. The stock closed yesterday at $41.16 on volume of 759,000 shares, above average daily volume of 627,000. W. R. Berkley Corporation, an insurance holding company, conducts operations in various segments of the property casualty insurance business. Segments include specialty lines of insurance, alternative markets, reinsurance, regional property casualty insurance, and international.

WR Berkley (NYSE:WRB) is currently priced 0.8% above its average consensus analyst price target of $40.86. WR Berkley shares have support at the 50-day moving average (MA) of $39.58 and additional support at the 200-day MA of $38.38.

WR Berkley share prices have moved between a 52-week high of $42.04 and a 52-week low of $33.78 and closed yesterday at 22% above that low price at $41.17 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.49% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of WR Berkley on January 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.44. Since that recommendation, shares of WR Berkley have risen 4.4%. We continue to monitor WRB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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