PLMR Stock Trades Above 50-Day SMA: What Should Investors Do?

Palomar Holdings, Inc. (PLMR) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of Jan. 15, 2025, was $107.11, down 5.1% from its 52-week high of $112.90.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend.With a market capitalization of $2.83 billion, Palomar is set to gain from new business, s ...