Arch Capital Booked a New High

acgl New York, February 10th ( - Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) booked a new 52 week high today by trading above $38.06, traders are definitely monitoring Arch Capital's price action to see if this move attracts further buying into the stock.

Arch Capital Group Ltd. (NASDAQ:ACGL) is a Bermuda-based insurance and financial services company that provides reinsurance and insurance products on a worldwide basis.

Arch Capital is currently trading -0.37% versus its previous trading session close, and it has calculated support and resistance at $35.49 and $38.06 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.77% from its previous trading close, which means that Arch Capital stock is outperforming the overall market.

Stock Market

o Dow Jones 17,813.39 ▲1.20 (0.01%)
o S&P 500 2,088.87 ▼0.27 (-0.01%)
o NASDAQ 5,116.14 ▲13.33 (0.26%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,813.39 Trade time:4:34PM EST Value change:▲1.20 (0.01%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,088.87 Trade time:4:34PM EST Value change:▼0.27 (-0.01%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,116.14 Trade time:5:15PM EST Value change:▲13.33 (0.26%)
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