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Volume Spike Detected in Shares of Stewart Information Services as They Move Lower on 1.2x Above-Average Volume (STC)

Published on Tue, 02/19/2013 - 14:24
By Peter Chu

Stewart Information Services's stock is down 2.6% to $25.74 on heavy trading volume. About 384,000 shares have been traded today, as compared to the 30-day average volume of 308,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Over the past year, Stewart Information Services has traded in a range of $12.40 to $29.98 and is now at $25.74, 108% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has remained constant.

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.

Stewart Information Services (NYSE:STC) has potential upside of 36.0% based on a current price of $25.74 and analysts' consensus price target of $35.00. The stock should hit resistance at its 50-day moving average (MA) of $27.09, as well as support at its 200-day MA of $20.61.

By Peter Chu