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Shares of National General Fall to a New 52-Week Low

By David Diaz

Shares of National General (NASDAQ:NGHC) traded today at $16.54, breaking its 52-week low. This new low was reached on below average trading volume as 75,000 shares traded hands, while the average 30-day volume is approximately 251,000 shares.

Potential upside of 64.2% exists for National General, based on a current level of $16.60 and analysts' average consensus price target of $27.25. The stock should run into initial resistance at its 200-day moving average (MA) of $20.58 and subsequent resistance at its 50-day MA of $21.35.

National General Holdings Corp. is a specialty personal lines insurance company. The Company provides personal and commercial automobile insurance, health insurance, and other niche insurance products.

In the past 52 weeks, shares of National General have traded between the current low of $16.54 and a high of $26.99 and are now at $16.60. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of National General on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $22.97. Since that call, shares of National General have fallen 26.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows national general

Ticker(s): NGHC