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Watch for Essent Group Ltd to Potentially Rebound After Falling 4.75% Yesterday

By David Diaz

Essent Group Ltd (NYSE:ESNT) traded in a range yesterday that spanned from a low of $48.01 to a high of $51.22. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $51.26 on volume of 787,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Essent Group Ltd share prices have moved between a 52-week high of $55.84 and a 52-week low of $40.77 and are now trading 20% above that low price at $48.98 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.43% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Essent Group Ltd and will alert subscribers who have ESNT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders essent group ltd

Ticker(s): ESNT