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ASI Makes Bullish Cross Above Critical Moving Average

By Market News Video Staff, Thursday, August 4, 11:29 AM ET
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In trading on Thursday, shares of American Safety Insurance Holdings Ltd (ASI) crossed above their 200 day moving average of $19.91, changing hands as high as $19.95 per share. American Safety Insurance Holdings Ltd shares are currently trading up about 2.9% on the day. The chart below shows the one year performance of ASI shares, versus its 200 day moving average:

American Safety Insurance Holdings Ltd 200 Day Moving Average Chart

Looking at the chart above, ASI's low point in its 52 week range is $15.11 per share, with $22.40 as the 52 week high point that compares with a last trade of $19.62.

ASI operates in the Insurance Brokers sector, among companies like National Interstate Corp (NASDAQ:NATL) which is off about 3.5% today, and United Fire & Casualty Co. (NASDAQ:UFCS) trading relatively unchanged. Below is a three month price history chart comparing the stock performance of ASI, versus NATL and UFCS.

ASI,NATL,UFCS Relative Performance Chart


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