• Return to Headlines

Everest Re Group: 52-Week High Recently Eclipsed (RE)

By David Diaz

Shares of Everest Re Group (NYSE:RE) traded at a new 52-week high today of $268.74. Approximately 56,000 shares have changed hands today, as compared to an average 30-day volume of 325,000 shares.

Everest Re Group, Ltd. provides reinsurance to property and casualty insurers in the United States and international markets. The Company also provides property and casualty insurance to policyholders in the United States and Canada. In addition, Everest Re offers excess and surplus lines insurance in the United States.

Everest Re Group share prices have moved between a 52-week high of $268.74 and a 52-week low of $169.19 and are now trading 59% above that low price at $268.71 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Everest Re Group (NYSE:RE) defies analysts with a current price ($268.71) 2.4% above its average consensus price target of $262.33. The stock should discover initial support at its 50-day moving average (MA) of $192.80 and subsequent support at its 200-day MA of $183.29.

SmarTrend recommended that subscribers consider buying shares of Everest Re Group on October 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $194.05. Since that recommendation, shares of Everest Re Group have risen 37.8%. We continue to monitor RE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows everest re group

Ticker(s): RE