Assurant Bulls in Charge

Published on Monday, 21 June 2010 12:38 Written by Christopher Lynn

New York, June 21st (TradersHuddle.com) - Shares of Assurant, Inc. (NYSE:AIZ) booked a new 52 week high today by trading above $37.55, traders are definitely monitoring Assurant's price action to see if this move attracts further buying into the stock.

Assurant, Inc. (NYSE:AIZ) provides specialized insurance and insurance-related products. The insurer offers individual and small employer group health insurance, group dental insurance, pre-funded funeral insurance, group disability and life insurance, creditor-placed homeowners insurance, manufactured housing homeowners insurance, debt protection administration, credit insurance, and warranties.

Assurant is currently trading 1.89% versus its previous trading session close, and it has calculated support and resistance at $33.15 and $37.35 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.47% from its previous trading close, which means that Assurant stock is outperforming the overall market.