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Recent 52-Week High Exceeded in Shares of Validus Holdings (VR)

By Shiri Gupta

Shares of Validus Holdings (NYSE:VR) traded at a new 52-week high today of $49.73. So far today approximately 59,000 shares have been exchanged, as compared to an average 30-day volume of 437,000 shares.

Validus Holdings, Ltd. is a Bermuda-based reinsurer. The Company concentrates on property risks and other reinsurance lines.

In the past 52 weeks, shares of Validus Holdings have traded between a low of $41.66 and a high of $49.73 and are now at $49.67, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Based on a current price of $49.67, Validus Holdings is currently 8.9% above its average consensus analyst price target of $45.25. The stock should find initial support at its 50-day moving average (MA) of $46.09 and further support at its 200-day MA of $45.34.

SmarTrend is tracking the current trend status for Validus Holdings and will alert subscribers who have VR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Validus Holdings

Ticker(s): VR