LONDON -- (Marketwire) -- 02/25/13 -- Stocks rebounded sharply on Friday following two straight days of losses. All three major indexes had come under pressure last week after minutes of Federal Reserve's most recent monetary policy hinted at an early end to QE. However, stocks recovered on Friday to finish the week on a strong note. At the end of Friday's trading session, our research team took notice of the following Property & Casualty Insurance stocks, American International Group Inc. (NYSE: AIG), Hartford Financial Services Group Inc. (NYSE: HIG) and MBIA Inc. (NYSE: MBI). Wall Street Active research team has completed free research on AIG, HIG and MBI. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at
Shares of American International Group rose sharply on Friday after the insurer reported a profit of $0.20 per share in its fourth quarter. AIG shares closed 3.14% higher at $38.45 on above average volume of 47.61 million. The stock rose to an intra-day high of $39.53, close to its 52-week high of $39.90. Year-to-date, the company's shares have gained nearly 9%. The stock is trading well above its 50-day and 200-day moving averages, which is a bullish signal. The stock has been facing resistance at around $39.50. It has support at around $38. Sign up today and get useful insight about AIG for free at
On Friday, shares of Hartford Financial rose sharply, ending the day 1.65% higher at $24.09 on volume of 5.10 million. Year-to-date, the stock has now gained more than 7.30%, compared to a gain of 6.26% for the S&P 500. Despite the sharp rise on Friday, technical indicators for Hartford Financial are currently giving bearish signals. The stock last week fell below its 50-day moving average before recovering. The MACD, meanwhile, is trading below the signal line. The stock currently has support at around $23.50. Free report on HIG can be accessed by registering at
Shares of MBIA fell sharply on Friday even as the broad market rallied. The stock closed 1.27% lower at $10.10 on above average volume of 3.78 million. For the week, MBIA's shares fell nearly 6%. Despite the recent decline, the stock has gained more than 28% so far this year easily outperforming the broad market. The stock currently has support at around $10. It is facing resistance at $11. Register with Wall Street Active and download the research on MBI for free at
Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.
Ravi S. Kapur
Telecommunication, Information & Data Manager
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