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UVE - Universal Insurance Holdings Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 15, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Just keeps getting better even though overbought :D

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  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Nice staircase breakout as $25 is on the horizon

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  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    T0rm3nted likes this.
  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Overdue pull back today as UVE appears to be in sync with the financials as the markets are melting down

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  5. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Considering UVE is running with the financials holding decent and still overbought

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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Was wondering if I should be worried about Florida hurricanes with this stock?
     
  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Good point
     
  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Break of 25 in a weak market

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  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Even though the markets, and the financials were weak and the insurance sector down, UVE soared again on strong volume
    It is becoming more overbought again and looking at the RSI it could go a little higher before a pull back. At this rate my long term price target of $32 could get here sooner than later.

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  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UVE taking a breather this morning from the overbought level in a down market

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  11. Tiptopptrader

    Tiptopptrader Well-Known Member

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    And the footprint gets bigger

    Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Delaware And Georgia
    FORT LAUDERDALE, Fla., Sept. 8, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (UVE) announced today that Universal DirectSM (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, is now available to homeowners in Delaware and Georgia. With the addition of Delaware and Georgia, Universal DirectSM is now available in seven states, including Indiana, South Carolina, Pennsylvania, Minnesota and Alabama. Independent appointed agents operating in Delaware and Georgia have the opportunity to receive commissions from policies written by UPCIC via Universal DirectSM.

    Sean P. Downes, the Company's Chairman and Chief Executive Officer, stated, "The expansion of Universal DirectSM into Delaware and Georgia, where we recently wrote our first policies through the platform, is another important step in our effort to broaden our online footprint in new and attractive markets. The positive momentum we've experienced with Universal DirectSM to date is indicative of consumers' growing preference for the convenience and flexibility offered by Universal Direct'sSM robust, easy-to-use online platform. We look forward to leveraging this innovative platform to drive organic, profitable business and help simplify the process of purchasing homeowners insurance for our customers."

    For additional information about Universal DirectSM, please visit www.universaldirect.com.
    http://finance.yahoo.com/news/universal-insurance-holdings-inc-launches-201500853.html
     
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Public insurance firm expands footprint to Florida, Hawaii, North Carolina
    Fort Lauderdale-based Universal Insurance Holdings (NYSE: UVE) announced Monday that it had expanded its consumer online platform to homeowners in Florida, Hawaii and North Carolina. The Universal Direct platform is for Universal Property & Casualty Insurance Company products. Following the expansion, the platform is now available in ten states including Delaware, Georgia, Indiana, South Carolina, Pennsylvania, Minnesota and Alabama. As of Tuesday afternoon, price per share of Universal stock was up 0.61 percent, or 15 cents a share. Year-over-year however, Universal price per share of $24.57 Tuesday afternoon is down more than 12 percent from Sept. 28 of last year. Universal’s stock price took
    http://finance.yahoo.com/m/171b3047...a1002ce/ss_public-insurance-firm-expands.html
     
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UVE bouncing off RSI of 55

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  14. Tiptopptrader

    Tiptopptrader Well-Known Member

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    With UVE dropping hard for two days in a row I stopped out of 1/2 of my position for still a good profit. I could find no news but it my be the hurricanes like @Z0da suggested.

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  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Today I sold by the rest of my position on the bounce back. I still like the company but I did not want to see my profits fall off a cliff. I may re-enter when the time is right.
     
  16. Tiptopptrader

    Tiptopptrader Well-Known Member

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    It looks like I made the right decision taking my profits. I think it must be the Florida hurricane that's causing it to fall

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  17. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Wow! It even dropped more and look at the jump in volume.

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  18. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Quick turn around

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  19. T0rm3nted

    T0rm3nted Moderator
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    Did you get back in after the big drop yesterday?
     
  20. Tiptopptrader

    Tiptopptrader Well-Known Member

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    No I sold while still in the green yesterday and the other half the day before. I had too much profit to risk it falling lower
     

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