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

By Shiri Gupta

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.

In the past 52 weeks, Xl Group Ltd share prices have been bracketed by a low of $30.33 and a high of $47.27 and are now at $38.27, 26% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.39% lower over the past week, respectively.

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.

Keywords: rebounders xl group ltd

Ticker(s): XL