TMCnet News
After Yesterday's Rally of 1.59% Shares Could Potentially PullbackFeb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Validus Holdings (NYSE:VR) traded in a range yesterday that spanned from a low of $31.34 to a high of $31.96. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $31.93 on volume of 998,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. SmarTrend recommended that subscribers consider buying shares of Validus Holdings on October 19th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.29. Since that recommendation, shares of Validus Holdings have risen 19.4%. We continue to monitor VR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, Validus Holdings share prices have been bracketed by a low of $23.24 and a high of $34.95 and are now at $31.89, 37% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.33% higher over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
