Technical Roundup on Insurance Stocks -- Research on ACE Ltd, Axis Capital Holdings, Maiden Holdings, and Tower Group Intl.
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LONDON, March 28, 2014 /PRNewswire/ --
On Wednesday, March 26, 2014, the NASDAQ Composite ended at 4,173.58, down 1.43%, the Dow Jones Industrial Average fell 0.60% to finish at 16,268.99, and the S&P 500 closed at 1,852.56, down 0.70%. The losses were broad based with nine out of ten sectors ending the session in negative. The S&P 500 Financials Sector Index finished the day at 298.79, down 0.94%, whereas the index has gained 3.40% in the last one month. Investor-Edge has initiated coverage on the following equities: ACE Ltd (NYSE: ACE), Axis Capital Holdings Ltd (NYSE: AXS), Maiden Holdings Ltd (NASDAQ: MHLD) and Tower Group International Ltd (NASDAQ: TWGP). Free technical research on ACE, AXS, MHLD and TWGP can be downloaded upon signing up at:
http://www.investor-edge.com/540-register
ACE Ltd's stock recorded a trading volume of 1.15 million shares, as compared with a three months average volume of 1.86 million shares. The stock ended the day at $97.69, down 0.82% after vacillating between $95.00 and $99.10. Shares of the company traded at a PE ratio of 10.46. ACE Ltd's shares have advanced 1.65% in the last one month, but they have fallen by 1.58% in the previous three trading sessions and 5.64% on YTD basis. Despite recent losses, the company's stock is trading above its 50-day and 200-day moving average. ACE Ltd's 50-day moving average of $96.47 is above the 200-day moving average of $94.94. Additionally, shares of the company are trading at a Relative Strength Index (RSI) of 59.97. Sign up today to read free research on ACE at:
http://www.investor-edge.com/540-ACE-27Mar2014.pdf
On Wednesday, shares in Axis Capital Holdings Ltd finished the session 0.63% lower at $45.70. The stock recorded a trading volume of 0.57 million shares as compared to a three months average volume of 0.72 million shares. The stock fluctuated between $45.70 and $46.27 during the session. Shares of the company traded at a PE ratio of 8.45. Axis Capital Holdings Ltd's stock has fallen by 0.89% in the previous three trading sessions and 3.93% on YTD basis, while the same has gained 6.25% in the last one month. The stock is trading above its 50-day and 200-day moving averages. Axis Capital Holdings Ltd's 200-day moving average of $45.40 is above the 50-day moving average of $44.56. Moreover, the stock is trading at an RSI of 65.17. Sign up today to read free research on AXS at:
http://www.investor-edge.com/540-AXS-27Mar2014.pdf
Maiden Holdings Ltd's stock reported a trading volume of 0.61 million shares, as compared with a three months average volume of 0.55 million shares. The stock ended the day at $12.78, down 2.59% and at an intraday range of $12.75 and $13.22. Shares of the company traded at a PE ratio of 11.11. Maiden Holdings Ltd's shares have fallen by 0.93% in the previous three trading sessions, but they have gained 12.70% in the last month and 16.93% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Maiden Holdings Ltd's 200-day moving average of $11.81 is above the 50-day moving average of $11.52. Furthermore, the stock is trading at an RSI of 84.06. Sign up today to read free research on MHLD at:
http://www.investor-edge.com/540-MHLD-27Mar2014.pdf
On Wednesday, shares in Tower Group International Ltd fell 1.79% to close at $2.75. A total of 0.63 million shares were traded, which is below the three months average volume of 1.84 million. The stock oscillated between $2.74 and $2.84 during the trading session. Tower Group International Ltd's shares have fallen by 2.83% in the previous three trading sessions, 4.51% in the last three months, and 18.64% on YTD basis. The stock is trading above its 50-day moving average. Tower Group International Ltd's 200-day moving average of $8.95 is above the 50-day moving average of $2.68. Furthermore, the stock is trading at an RSI of 54.20. Sign up today to read free research on TWGP at:
http://www.investor-edge.com/540-TWGP-27Mar2014.pdf
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