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Technical Analysis
- 11/19/2009 8:54:45 AM
By Chip Brian, SmarTrend Analytics Team
Infinity Property (NASDAQ:IPCC) upgraded to Neutral from Underperform, $45 target, at BofA/Merrill. The stock closed yesterday at $40.29 on volume of 13,576 shares, below average daily volume of 46,139.
Infinity Property & Casualty is currently below its 50-day moving average of $41.76 and should find support at its 200-day moving average of $38.91.
SmarTrend is bearish on shares of IPCC and our subscribers received a Downtrend alert on October 02, 2009 at $41.39, which has returned 2.7% to date.
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