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Shares of XL Capital Rise Above Previous 52-Week High

By James Quinn

Shares of XL Capital (NYSE:XL) traded today at $42.89, breaking its 52-week high. Approximately 252,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.

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.

In the past 52 weeks, XL Capital share prices have been bracketed by a low of $5.40 and a high of $42.89 and are now at $42.54, 688% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

XL Capital (NYSE:XL) defies analysts with a current price ($42.54) 0.6% above its average consensus price target of $42.29. The stock should discover initial support at its 200-day moving average (MA) of $36.87 and subsequent support at its 50-day MA of $35.63.

SmarTrend is monitoring the recent change of momentum in XL Capital. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of XL Capital in search of a potential trend change.

Keywords: 52 week high/lows XL Capital

Ticker(s): XL