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Assurant Inc Set to Possibly Rebound After Yesterday's Selloff of 3.02%

By James Quinn

Assurant Inc (NYSE:AIZ) traded in a range yesterday that spanned from a low of $98.22 to a high of $98.80. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $100.01 on volume of 615,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Assurant Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.02. Since that recommendation, shares of Assurant Inc have risen 12.5%. We continue to monitor AIZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Assurant Inc share prices have been bracketed by a low of $82.31 and a high of $111.43 and are now at $98.70, 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Keywords: rebounders assurant inc

Ticker(s): AIZ