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

By Amy Schwartz

Shares of Everest Re Group (NYSE:RE) traded at a new 52-week high today of $277.17. So far today approximately 214,000 shares have been exchanged, as compared to an average 30-day volume of 325,000 shares.

Over the past year, Everest Re Group has traded in a range of $169.19 to $277.17 and is now at $274.26, 62% above that low. 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, 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.

Based on a current price of $274.26, Everest Re Group is currently 4.3% above its average consensus analyst price target of $262.33. The stock should find initial support at its 50-day moving average (MA) of $192.80 and further 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 39.7%. 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