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Look for Shares of Everest Re Group to Potentially Rebound after Yesterday's 5.68% Sell Off

By James Quinn

Everest Re Group (NYSE:RE) traded in a range yesterday that spanned from a low of $234.28 to a high of $246.13. Yesterday, the shares fell 5.7%, which took the trading range below the 3-day low of $247.76 on volume of 359,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Everest Re Group share prices have moved between a 52-week high of $277.17 and a 52-week low of $169.19 and are now trading 40% above that low price at $236.79 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders everest re group

Ticker(s): RE