[Opening Position in Universal Insurance Holdings (UVE)]
Dear Member:
Universal Insurance Holdings (UVE) is engaged in property and casualty underwriting, distribution and claims through its wholly-owned subsidiary, Universal Property and Casualty Insurance. The stock has just bounced up off a support in the $8 area and has bounced up off the 20 day moving average as well.
I like the stock at a limit of $8.55.
DISCLOSURE: At the time of publication, I have no position in UVE.
Sincerely,
Bill Kraft
|
