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[BUSINESS] · Germany · 2 sources

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Munich Re Shares Rise Toward 100‑Day Moving Average

Munich Re's stock continued its upward swing, breaking above the 100‑day moving average in intraday trading. The insurer also reclaimed a key horizontal support level at €507.20. Analysts note that defending these levels on a closing‑price basis will be crucial, with the next resistance point identified around the 200‑day average at €524.16.

The recovery follows a broader market rally in reinsurance equities and positions Munich Re for potential further gains if the support levels hold.

Sources

2 months ago
2 months ago