W. R. Berkley Bulls in Charge

Published on Wednesday, 01 February 2012 12:34 Written by Danny Miller

New York, February 1st (TradersHuddle.com) - Shares of W. R. Berkley Corporation (NYSE:WRB) booked a new 52 week high today by trading above $36.05, traders are definitely monitoring W. R. Berkley's price action to see if this move attracts further buying into the stock.

W. R. Berkley Corporation (NYSE:WRB) is an insurance holding company that conducts operations in various segments of the property casualty insurance business. Segments include specialty lines of insurance, alternative markets, reinsurance, and regional property casualty insurance

W. R. Berkley is currently trading 5.02% versus its previous trading session close, and it has calculated support and resistance at $32.32 and $35.12 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 1.25% from its previous trading close, which means that W. R. Berkley stock is outperforming the overall market.