SKWD Stock Trades Below 50-Day SMA: What Should Investors Do Now?

Skyward Specialty Insurance Group, Inc. (SKWD) has been trading below its 50-day simple moving average (SMA), signaling a short-term bearish trend. As of Jan. 16, 2025, its share price was $45, down 19.1% from its 52-week high of $55.62The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of an uptrend or downtrend. With a market capitalization of $1.8 billion, Skyward Specialty operates in an u ...