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Watch for Metlife Inc to Potentially Rebound After Falling 2.18% Yesterday

By Shiri Gupta

Metlife Inc (NYSE:MET) traded in a range yesterday that spanned from a low of $47.99 to a high of $48.86. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $49.32 on volume of 1.6 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, Metlife Inc share prices have been bracketed by a low of $37.76 and a high of $51.16 and are now at $48.59, 29% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Metlife Inc and will alert subscribers who have MET in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders metlife inc

Ticker(s): MET