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Greenlight Capital Re, Ltd. (GLRE) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Property-Casualty Insurers
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiFri, 03 Nov 20171.37%
***Stock database and scans are updated around midnight (New York time) every trading day.
22.20 0.00 (0%) Nov 28 4:00pm EDT
Open: 21.70 Range: 21.60 - 22.25 Vol: 106.03K Avg Vol: 136.22K
EPS: 1.39 P/E ratio: 15.81 EBITDA: 63.22M Mkt Cap: 823.37M
Analyze "GLRE" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 21.78
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 21.72
Last Trade is above the 50 day moving average at 21.95
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 21.58
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GLRE

Stock Trend Analysis - Buy, Sell or Hold "Greenlight Capital Re, Ltd." (GLRE)?

GLRE is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 63% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation GLRE will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 21.58. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GLRE".

The analyst consensus estimates for the 1 year price target for this stock is $27.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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