Barbarian At The Gate: Everest Re Group (RE)

Trade-Ideas LLC identified Everest Re Group ( RE) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Everest Re Group as such a stock due to the following factors:

  • RE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $56.0 million.
  • RE has traded 388,526 shares today.
  • RE traded in a range 234.1% of the normal price range with a price range of $6.97.
  • RE traded above its daily resistance level (quality: 20 days, meaning that the stock is crossing a resistance level set by the last 20 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

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More details on RE:

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates in five segments: U.S. Reinsurance, International, Bermuda, Insurance, and Mt. Logan Re. The U.S. The stock currently has a dividend yield of 2.6%. RE has a PE ratio of 9. Currently there are 2 analysts that rate Everest Re Group a buy, no analysts rate it a sell, and 6 rate it a hold.

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