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Metlife Inc Set to Possibly Rebound After Yesterday's Selloff of 2.95%

By James Quinn

Metlife Inc (NYSE:MET) traded in a range yesterday that spanned from a low of $44.25 to a high of $45.83. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $45.92 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, shares of Metlife Inc have traded between a low of $43.09 and a high of $55.91 and are now at $44.77, which is 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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

Keywords: rebounders metlife inc

Ticker(s): MET