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After Yesterday's Decline of 1.79%, Arch Capital Grp Offers Investors Better Value

By Amy Schwartz

Arch Capital Grp (NASDAQ:ACGL) traded in a range yesterday that spanned from a low of $95.86 to a high of $97.35. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $95.87 on volume of 675,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $95.98, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.26% higher over the past week, respectively.

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: rebounders arch capital grp

Ticker(s): ACGL