WRB Stock Near 52-Week High: A Signal for Investors to Hold Tight?

Shares of W.R. Berkley Corporation (WRB) closed at $72.49 on Friday, near its 52-week high of $76.38. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $67.27 and $61.04, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Earnings of W.R. Berkley grew 27.8% in the last ...