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Safety Insurance Has Returned 2.9% Since SmarTrend Recommendation (SAFT)

By David Diaz

SmarTrend identified a Downtrend for Safety Insurance (NASDAQ:SAFT) on October 2nd, 2019 at $98.85. In approximately 2 months, Safety Insurance has returned 2.94% as of today's recent price of $95.94.

In the past 52 weeks, shares of Safety Insurance have traded between a low of $77.58 and a high of $103.57 and are now at $95.94, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Safety Insurance Group, Inc. provides personal lines property and casualty insurance focused exclusively on the Massachusetts market. The Company's principal product line is private passenger automobile insurance. In addition, Safety Insurance offers commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies.

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

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

Keywords: spotlights safety insurance

Ticker(s): SAFT