• Return to Headlines

Reinsurance Grou Set to Possibly Pullback After Yesterday's Rally of 4.93%

By James Quinn

Reinsurance Grou (NYSE:RGA) traded in a range yesterday that spanned from a low of $99.06 to a high of $103.69. Yesterday, the shares gained 4.9%, which took the trading range above the 3-day high of $103.44 on volume of 228,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, Reinsurance Grou share prices have been bracketed by a low of $55.39 and a high of $169.26 and are now at $103.61, 87% above that low price. The 200-day and 50-day moving averages have moved 0.65% lower and 3.28% lower over the past week, respectively.

Keywords: rebounders reinsurance grou

Ticker(s): RGA