Can The Uptrend Continue for United Insurance (UIHC)? - Tale of the Tape

Investors certainly have to be happy with United Insurance Holdings Corp. (UIHC) and its short term performance. After all, the stock has jumped by 5.2% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for UIHC?

While we can never know for sure, it is pretty encouraging that estimates for UIHC have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

Click to get this free report

UTD INSURANCE (UIHC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Market News and Data brought to you by Benzinga APIs