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

NMI Holdings Inc. (NMIH) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price as of Jan. 21, 2025, was $37.76, down 11.1% from its 52-week high of $42.49.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 $2.98 billion, NMIH is set to gain from improving mortgage insura ...