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Industrial Alliance Insurance and Financial Services inches higher, resistance at 12-day EMA March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Industrial Alliance Insurance and Financial Services Inc. (TSX:IAG), Canada's 3rd largest Insurance company by market cap, has lifted 2.8% but fell short of the 12-day Exponential Moving Average [EMA] of CAD56.80. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the day, the relative price increase was 1.6%. The rise has been propped up by robust volume of 1.4 times the average daily volume of 243,476 shares. The stock last traded at CAD56.67....