Arch Capital Trades Above 50-Day SMA: Time to Hold ACGL Stock?

Arch Capital Group Ltd. (ACGL) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price as of Friday was $94.59, down 18.7$116.47.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.ACGL Price Movement vs. 50-Day Moving AverageImage Source: Zacks Investment ResearchACGL’s Price P ...