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Watch for Everest Re Group to Potentially Pullback After Gaining 1.81% Yesterday

By James Quinn

Everest Re Group (NYSE:RE) traded in a range yesterday that spanned from a low of $225.98 to a high of $232.23. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $226.31 on volume of 144,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Everest Re Group share prices have been bracketed by a low of $203.90 and a high of $264.88 and are now at $225.44, 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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

Keywords: rebounders everest re group

Ticker(s): RE