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Shares of WR Berkley Has Risen Above Previous 52-Week High

By James Quinn

WR Berkley (NYSE:WRB) traded today at a new 52-week high of $60.08. This new high was reached on below average trading volume as 53,000 shares traded hands, while the average 30-day volume is approximately 514,000 shares.

WR Berkley share prices have moved between a 52-week high of $60.08 and a 52-week low of $47.54 and are now trading 26% above that low price at $59.99 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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 9.7% above its average consensus analyst price target of $54.20. The stock should discover initial support at its 50-day moving average (MA) of $54.80 and subsequent support at its 200-day MA of $54.25.

SmarTrend recommended that subscribers consider buying shares of WR Berkley on June 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.10. Since that recommendation, shares of WR Berkley have risen 4.9%. We continue to monitor WRB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wr berkley

Ticker(s): WRB