Mercury General Corp (MCY)

Mercury General Corp is trading at $104.27, down 2.29% on the session. The 50 day average sits at $102.60 and the 200 day at $98.18, which puts the stock in a uptrend. RSI is at 62.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $103.17 with resistance near $107.20, so that band frames the current range. Average daily movement is roughly $2.09, or about 2.0% of the share price, which is what any stop placement has to allow for. The overall health score of 79 out of 100 combines a trend score of 77, momentum of 82 and a risk score of 78.

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. The company's automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages. It sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was incorporated in 1961 and is headquartered in Los Angeles, California.