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Federated Nation: The Winning Streak Continues (FNHC)

By David Diaz

Federated Nation (NASDAQ:FNHC) traded at a new 52-week high today of $22.16. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 48,000 shares.

Federated National Holding Company, through its subsidiaries, is involved in insurance underwriting, distribution, and claims processing. The Company underwrites non-standard and standard personal automobile insurance and mobile home property and casualty insurance in Florida. Federated also offers premium financing to its own and third-party insureds.

There is potential upside of 6.1% for shares of Federated Nation based on a current price of $21.68 and an average consensus analyst price target of $23.00. The stock should find initial support at its 50-day moving average (MA) of $17.17 and further support at its 200-day MA of $15.62.

Over the past year, Federated Nation has traded in a range of $9.78 to $22.16 and is now at $21.68, 122% above that low. The 200-day and 50-day moving averages have moved 0.79% higher and 2.74% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Federated Nation on December 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.65. Since that recommendation, shares of Federated Nation have risen 35.8%. We continue to monitor FNHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows federated nation

Ticker(s): FNHC