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Look for Shares of Assurant Inc to Potentially Rebound after Yesterday's 3.02% Sell Off

By Amy Schwartz

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.

In the past 52 weeks, shares of Assurant Inc have traded between a low of $82.31 and a high of $111.43 and are now at $98.70, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.92% higher over the past week, respectively.

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.

Keywords: rebounders assurant inc

Ticker(s): AIZ