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Shares of Everest Re Group Has Risen Above Previous 52-Week High

By David Diaz

Shares of Everest Re Group (NYSE:RE) traded today at $258.92, breaking its 52-week high. Approximately 65,000 shares have changed hands today, as compared to an average 30-day volume of 325,000 shares.

Everest Re Group (NYSE:RE) is currently priced 9.9% above its average consensus analyst price target of $232.43. Everest Re Group shares have support at the 50-day moving average (MA) of $192.80 and additional support at the 200-day MA of $183.29.

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.

In the past 52 weeks, shares of Everest Re Group have traded between a low of $167.07 and a high of $258.92 and are now at $258.00, which is 54% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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 31.7%. 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