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Upgrade Alert for XL Capital (XL)

By Amy Schwartz

XL Capital (NYSE:XL) was upgraded from Sell to Hold at Deutsche Bank today. The stock closed yesterday at $32.40 on volume of 5.8 million shares, above average daily volume of 2.1 million.

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.

XL Capital (NYSE:XL) has potential upside of 31.3% based on a current price of $32.40 and analysts' consensus price target of $42.53. XL Capital shares should first meet resistance at the 50-day moving average (MA) of $35.65 and find additional resistance at the 200-day MA of $36.89.

In the past 52 weeks, XL Capital share prices have been bracketed by a low of $5.40 and a high of $40.48 and closed yesterday at $32.40, 500% 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 slid 0.2%.

SmarTrend is tracking the current trend status for XL Capital and will alert subscribers who have XL in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades XL Capital

Ticker(s): XL