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Verisk Analytics: 52-Week High Recently Eclipsed (VRSK)

By David Diaz

Verisk Analytics (NASDAQ:VRSK) traded at a new 52-week high today of $82.44. This new high was reached on below average trading volume as 56,000 shares traded hands, while the average 30-day volume is approximately 594,000 shares.

Verisk Analytics, Inc. provides actuarial and underwriting data to U.S. property and casualty, and insurance risks. The Company offers solutions for detecting fraud in the U.S. property and casualty insurance, healthcare and mortgage industries as well as methods to predict and quantify loss in diverse contexts ranging from natural catastrophes to health insurance.

Over the past year, Verisk Analytics has traded in a range of $64.79 to $82.44 and is now at $82.44, 27% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Verisk Analytics has overhead space with shares priced $82.44, or 0.2% below the average consensus analyst price target of $82.57. The stock should find initial support at its 50-day moving average (MA) of $77.41 and further support at its 200-day MA of $75.05.

SmarTrend recommended that subscribers consider buying shares of Verisk Analytics on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.91. Since that recommendation, shares of Verisk Analytics have risen 12.3%. We continue to monitor VRSK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows verisk analytics

Ticker(s): VRSK