Palomar Trades Above 50-Day SMA: Time to Buy the Stock?

Palomar Holdings Inc. (PLMR) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. As of May 21, 2025, its share price was $161.54, down 2.1% from its 52-week high of $165.00.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of an uptrend or downtrend. Palomar aspires to be a dominant player in the crop insurance sector, targeting a position amo ...