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Arch Capital Grp Falls 1.79% on Heavy Volume: Watch For Potential Rebound

By James Quinn

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.

Over the past year, Arch Capital Grp has traded in a range of $67.50 to $99.47 and is now at $95.98, 42% above that low. Over the last five market days, 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: rebounders arch capital grp

Ticker(s): ACGL