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Arch Capital Grp Crosses Above its 10-day MA (ACGL)

By Nick Russo

Arch Capital Grp (NASDAQ:ACGL) shares have crossed bullishly above their 10-day moving average of $27.53 on a volume of 128K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Arch Capital Grp has traded in a range of $22.54 to $48.32 and is now at $28.52, 27% above that low. The 200-day and 50-day moving averages have moved 0.5% lower and 4.44% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Arch Capital Grp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Arch Capital Grp in search of a potential trend change.

Keywords: moving crosses arch capital grp

Ticker(s): ACGL