AXIS Capital Stock Near 52-Week High: Is This Your Buy Signal?

Shares of AXIS Capital Holdings Limited (AXS) closed at $100.54 on Monday, near its 52-week high of $102.36. 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 $95.71 and $86.81, 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 AXIS Capital grew 67.1% in t ...