Platinum Underwriters Holdings Breaks Above 200-Day Moving Average - Bullish for PTP

In trading on Friday, shares of Platinum Underwriters Holdings, Ltd. (PTP) crossed above their 200 day moving average of $59.09, changing hands as high as $59.15 per share. Platinum Underwriters Holdings, Ltd. shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of PTP shares, versus its 200 day moving average:

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Platinum Underwriters Holdings, Ltd. 200 Day Moving Average Chart

Looking at the chart above, PTP's low point in its 52 week range is $52.28 per share, with $63.60 as the 52 week high point — that compares with a last trade of $58.70.

According to the ETF Finder at ETF Channel, PTP makes up 2.78% of the KBW Property & Casualty Insurance Portfolio ETF ( KBWP) which is trading up by about 1.4% on the day Friday.

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