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Axis Capital Rises 1.01% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Axis Capital (NYSE:AXS) traded in a range yesterday that spanned from a low of $56.99 to a high of $57.07. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $56.93 on volume of 419,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Axis Capital on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.14. Since that recommendation, shares of Axis Capital have risen 6.3%. We continue to monitor AXS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Axis Capital have traded between a low of $48.27 and a high of $60.69 and are now at $57.07, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Keywords: rebounders axis capital

Ticker(s): AXS