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Downtrend Call Working As Universal Insura Stock Falls 40.2% (UVE)

By Amy Schwartz

SmarTrend identified a Downtrend for Universal Insura (NYSE:UVE) on October 12th, 2018 at $45.48. In approximately 10 months, Universal Insura has returned 40.19% as of today's recent price of $27.20.

In the past 52 weeks, shares of Universal Insura have traded between a low of $24.81 and a high of $50.50 and are now at $27.20, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

Universal Insurance Holdings, Inc. (UIH) operates as an insurance holding company. The Company, through its subsidiaries, offers insurance underwriting, distribution, and claims processing. UIH serves customers in the State of Florida.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Universal Insura.

Log in and add Universal Insura (UVE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights universal insura

Ticker(s): UVE