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Everest Re Group Falls 1.88% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Everest Re Group (NYSE:RE) traded in a range yesterday that spanned from a low of $248.56 to a high of $255.84. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $248.67 on volume of 328,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Everest Re Group share prices have been bracketed by a low of $201.09 and a high of $260.51 and are now at $250.71, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Everest Re Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Everest Re Group in search of a potential trend change.

Keywords: rebounders everest re group

Ticker(s): RE