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acgl New York, February 10th (TradersHuddle.com) - 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.

Technical Scans

Stock Market

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Chart
o Dow Jones 16,102.38 ▼272.38 (-1.66%)
o S&P 500 1,921.22 ▼29.91 (-1.53%)
o NASDAQ 4,683.92 ▼49.58 (-1.05%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,102.38 Trade time:4:30PM EDT Value change:▼272.38 (-1.66%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,921.22 Trade time:4:30PM EDT Value change:▼29.91 (-1.53%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,683.92 Trade time:5:15PM EDT Value change:▼49.58 (-1.05%)

In The Wires

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