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Watch for Shares of Xl Group Ltd (XL) to Approach Support at $56.11

By James Quinn

Xl Group Ltd (NYSE:XL) has opened bearishly below the pivot of $56.34 today and has reached the first level of support at $56.19. Should the shares continue to fall, the support pivots of $56.11 and $55.88 will be of interest.

Potential upside of 0.0% exists for Xl Group Ltd, based on a current level of $0.00 and analysts' average consensus price target of $54.97. The stock should run into initial resistance at its 200-day moving average (MA) of $44.80 and subsequent resistance at its 50-day MA of $55.58.

In the past 52 weeks, shares of Xl Group Ltd have traded between the current low of $0.00 and a high of $56.49 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Xl Group Ltd on February 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.17. Since that recommendation, shares of Xl Group Ltd have risen 47.4%. We continue to monitor XL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts xl group ltd

Ticker(s): XL