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Shares of XL Capital Rise Above Previous 52-Week High

By James Quinn

XL Capital (NYSE:XL) traded today at a new 52-week high of $44.19. So far today approximately 108,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

In the past 52 weeks, XL Capital share prices have been bracketed by a low of $5.40 and a high of $44.19 and are now at $44.19, 718% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.39% lower over the past week, respectively.

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.

Based on a current price of $44.19, XL Capital is currently 4.3% above its average consensus analyst 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 recommended that subscribers consider buying shares of XL Capital on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.39. Since that recommendation, shares of XL Capital have risen 6.4%. We continue to monitor XL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows XL Capital

Ticker(s): XL