W. R. Berkley Broke Resistance

Published on Tuesday, 24 January 2012 07:24 Written by Christopher Lynn

New York, January 24th (TradersHuddle.com) - Shares of W. R. Berkley Corporation (NYSE:WRB) closed the trading session at $35.18 just above calculated resistance at $35.12 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

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's stock was trading in a well defined range with support at $32.32 and resistance at $35.12, given that this range was broken traders will be closely monitoring the stock