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SmarTrend Watching for Potential Rebound in Shares of Reinsurance Grou After 4.28% Loss

By Amy Schwartz

Reinsurance Grou (NYSE:RGA) traded in a range yesterday that spanned from a low of $65.09 to a high of $71.07. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $65.31 on volume of 250,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Reinsurance Grou share prices have been bracketed by a current low of $65.09 and a high of $169.26 and are now at $69.05. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.5% while the 200-day MA has slid 0.7%.

Keywords: rebounders reinsurance grou

Ticker(s): RGA