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SmarTrend Watching for Potential Pullback in Shares of Everest Re Group After 1.44% Gain

By James Quinn

Everest Re Group (NYSE:RE) traded in a range yesterday that spanned from a low of $257.16 to a high of $259.94. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $255.98 on volume of 162,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Everest Re Group on October 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $194.05. Since that recommendation, shares of Everest Re Group have risen 31.7%. We continue to monitor RE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Everest Re Group share prices have moved between a 52-week high of $259.94 and a 52-week low of $167.07 and are now trading 55% above that low price at $259.37 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 0.1% lower over the past week, respectively.

Keywords: rebounders everest re group

Ticker(s): RE