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Look for Shares of Metlife Inc to Potentially Rebound after Yesterday's 2.30% Sell Off

By Nick Russo

Metlife Inc (NYSE:MET) traded in a range yesterday that spanned from a low of $44.49 to a high of $45.94. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $46.14 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Metlife Inc share prices have been bracketed by a low of $43.09 and a high of $55.91 and are now at $44.97, 4% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Metlife Inc and will alert subscribers who have MET in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders metlife inc

Ticker(s): MET