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

By Shiri Gupta

XL Capital (NYSE:XL) traded today at a new 52-week high of $43.83. Approximately 67,000 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 $43.83 and are now at $43.77, 711% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.

Based on a current price of $43.77, XL Capital is currently 3.4% above its average consensus analyst price target of $42.29. The stock should find initial support at its 200-day moving average (MA) of $36.87 and further 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 5.5%. 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