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Recent 52-Week High Exceeded in Shares of Stewart Information Services (STC)

Published on Tue, 07/16/2013 - 15:44
By Peter Chu

Shares of Stewart Information Services (NYSE:STC) traded at a new 52-week high today of $30.24. This new high was reached on approximately average trading volume as 160,000 shares traded hands, while the average 30-day volume is approximately 216,000 shares.

Over the past year, Stewart Information Services has traded in a range of $13.19 to $30.24 and is now at $29.90, 127% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

Potential upside of 3.7% exists for Stewart Information Services, based on a current level of $29.90 and analysts' average consensus price target of $31.00. The stock should find initial support at its 50-day moving average (MA) of $27.85 and further support at its 200-day MA of $25.76.

Stewart Information Services Corporation provides title insurance and related services through locations in the United States and several international markets. The Company meets the needs of real estate and mortgage industries through the electronic delivery of services required for settlement. Stewart's services include title reports, flood determinations, and credit reports.

By Peter Chu