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Shares of XL Capital Rise to a New 52-Week High

By David Diaz

Shares of XL Capital (NYSE:XL) traded today at $43.58, breaking its 52-week high. This new high was reached on below average trading volume as 92,000 shares traded hands, while the average 30-day volume is approximately 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, shares of XL Capital have traded between a low of $5.40 and a high of $43.58 and are now at $43.55, which is 706% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

XL Capital (NYSE:XL) is currently priced 2.9% 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 4.7%. 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