Beazley (LON:BEZ) Share Price Crosses Above 200 Day Moving Average of $544.26

Beazley is a leading global insurance company that operates in various markets including reinsurance, specialty insurance, and cybersecurity. The company's shares are listed on the London Stock Exchange (LSE) under the ticker symbol LONBEZ.

On August 12, 2021, Beazley's share price closed at $543.98, which was above its 200-day moving average of $544.26. The 200-day moving average is a technical analysis tool that helps investors determine the trend of a stock over the past 200 trading days. When a stock's price crosses above its 200-day moving average, it can be seen as a bullish sign, indicating that the stock may be in an uptrend.

Beazley has had a strong performance in recent years, driven by its expertise in specialty insurance and cybersecurity. The company's revenue for the year ended December 31, 2020, was £4.9 billion ($6.5 billion), up from £4.7 billion ($6.2 billion) in the previous year. In addition, Beazley's net income for the same period was £184 million ($240 million), a significant improvement from the previous year's loss of £39 million ($50 million).

Overall, Beazley's share price crossing above its 200-day moving average is a positive development for investors and suggests that the company may continue to perform well in the future. However, it is important to note that technical analysis tools like the 200-day moving average should be used in conjunction with other forms of analysis and not relied upon solely as a basis for investment decisions.