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Bearish Moving Average Cross by Arch Capital Grp (ACGL)

By Amy Schwartz

Today, shares of Arch Capital Grp (NASDAQ:ACGL) have crossed bearishly below their 10-day moving average of $96.85 on a volume of 376K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Arch Capital Grp have traded between a low of $67.50 and a high of $99.47 and are now at $96.03, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Arch Capital Grp and will alert subscribers who have ACGL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses arch capital grp

Ticker(s): ACGL