Insurance Technology Industry News

TMCNet:  Upgrade Alert for XL Capital (XL)

[February 15, 2013]

Upgrade Alert for XL Capital (XL)

Feb 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- XL Capital (NYSE:XL) was upgraded from Neutral to Buy at Janney Montgomery today. The stock closed yesterday at $28.67 on volume of 3.6 million shares, above average daily volume of 2.4 million. XL Capital Ltd, through its subsidiaries, provides global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. The Company's operations include insurance, reinsurance, life operations, and other financial lines, as well as general investing an financing.

XL Capital share prices have moved between a 52-week high of $28.74 and a 52-week low of $18.86 and are now trading 52% above that low price at $28.67 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.

Potential upside of 1.7% exists for XL Capital, based on a current level of $28.67 and analysts' average consensus price target of $29.15. The stock should find initial support at its 50-day moving average (MA) of $26.31 and further support at its 200-day MA of $23.45.

SmarTrend recommended that subscribers consider buying shares of XL Capital on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.01. Since that recommendation, shares of XL Capital have risen 12.9%. We continue to monitor XL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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