Daily Stock Setups

RenaissanceRE (RNR) Downgrade Alert, Watch for 14% Technical Uptrend Reversal

Posted on: Thu, 29 Oct 2009 09:28:00 EDT

Symbols: RNR

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Oct 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --
RNR | Quote | Chart | News | PowerRating -- RenaissanceRE (NYSE:RNR) downgraded to Sector Perform from Outperform at RBC Capital. The stock closed yesterday at $54.64 on volume of 905,900 shares, above average daily volume of 480,489.

RenaissanceRe Holdings is currently above its 50-day moving average of $54.54 and above its 200-day moving average of $49.21.

SmarTrend is bullish on shares of RNR and our subscribers received an Uptrend alert on June 05, 2009 at $47.95, which has returned 14% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on RenaissanceRe Holdings (RNR) RNR. RenaissanceRe Holdings (RNR) has Short Term PowerRatings at TradingMarkets. Details on RenaissanceRe Holdings (RNR) Short Term PowerRatings is available at This Link.

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