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After Yesterday's Decline of 6.70%, Xl Group Ltd Offers Investors Better Value

By David Diaz

Xl Group Ltd (NYSE:XL) traded in a range yesterday that spanned from a low of $37.90 to a high of $40.22. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $40.31 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Xl Group Ltd on July 27th, 2017 by issuing a Downtrend alert when the shares were trading at $43.56. Since that call, shares of Xl Group Ltd have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Xl Group Ltd share prices have moved between a 52-week high of $47.27 and a 52-week low of $30.33 and are now trading 26% above that low price at $38.27 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

Keywords: rebounders xl group ltd

Ticker(s): XL