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Shares of Essent Group Ltd Are Down on Strong Volume (ESNT)

By David Diaz

Shares of Essent Group Ltd are trading down 2.9% to $41.17 today on above average volume. Approximately 618,000 shares have changed hands today vs. average 30-day volume of 351,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

Essent Group Ltd share prices have moved between a 52-week high of $50.08 and a 52-week low of $19.89 and are now trading 105% above that low price at $40.85 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.4%.

Keywords: unusual volume essent group ltd

Ticker(s): ESNT