Palomar (PLMR) Crossed Above the 20-Day Moving Average: What That Means for Investors

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend. Palomar (PLMR) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PLMR broke through the 20-day moving average, which suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over ...