Palomar (PLMR) Recently Broke Out Above the 20-Day Moving Average

Core Viewpoint - Palomar (PLMR) shows potential as a stock pick due to its recent technical performance and positive earnings estimate revisions [1][4]. Technical Analysis - PLMR has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1]. - The 20-day simple moving average is a key trading tool that helps smooth out price fluctuations and signals trend reversals [1][2]. - The stock's price is currently above the 20-day moving average, which is considered a positive trend [2]. Performance Metrics - Over the past four weeks, PLMR has gained 9.7% [4]. - The company holds a Zacks Rank 1 (Strong Buy), suggesting further upward movement potential [4]. Earnings Estimates - There have been 6 upward revisions for PLMR's earnings estimates for the current fiscal year, with no downward revisions [4]. - The consensus earnings estimate has also increased, reinforcing the bullish outlook for the stock [4][5].