Shares of Validus Holdings are trading down 0.5% to $37.08 today on above average volume. Today's volume of 1.0 million shares tops the average 30-day volume of 818,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
In the past 52 weeks, Validus Holdings share prices have been bracketed by a low of $30.41 and a high of $37.80 and are now at $37.08, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.
Potential upside of 8.8% exists for Validus Holdings, based on a current level of $37.08 and analysts' average consensus price target of $40.35. The stock should find initial support at its 50-day moving average (MA) of $36.19 and further support at its 200-day MA of $34.42.
Validus Holdings, Ltd. is a Bermuda-based reinsurer. The Company concentrates on property risks and other reinsurance lines.