PLMR Stock Trades Above 50-Day SMA: What Should Investors Do?
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Palomar Holdings (PLMR) stock is trading above its 50-day SMA, indicating potential gains due to strong new business, high retention rates, prudent underwriting, and a solid capital position.
January 16, 2025 | 7:45 pm
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Palomar Holdings is trading above its 50-day SMA, suggesting potential short-term gains. The company benefits from strong new business, high retention rates, prudent underwriting, and a solid capital position.
The stock trading above the 50-day SMA is a technical indicator of potential upward momentum. Coupled with strong business fundamentals such as new business generation, retention rates, and capital position, this suggests a positive short-term outlook.
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IMPORTANCE 80
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