Palomar (PLMR) Recently Broke Out Above the 50-Day Moving Average

Palomar (PLMR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PLMR broke out above the 50-day moving average, suggesting a short-term bullish trend. The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important. ...