DALLAS, Texas - TwinTrader.com announces the publication of Breakout for MCY; highlighting public companies on the move and what’s behind the surge.
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“Mercury General Corp. and its subsidiaries engage in writing private passenger and commercial automobile insurance in the United States. The company also writes homeowners, mechanical breakdown, commercial and dwelling fire, and commercial property insurance…
“Smaller insurance carriers have benefited from bankruptcies and other troubles in the financial industry in the past week. Mercury General’s share price held up quite well Wednesday during the large sell off, falling only 25 cents…
“The 50-day moving average is nicely above the 200-day moving average, and trending up. The RSI is reading neutral at 61.61, indicating more room for a bullish move before technical traders move in to take profits. The MACD is bullish and ascending...”
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