First American Financial (FAF) Shares Cross Below 200 DMA

First American Financial (FAF) shares fell about 8.2% intraday, trading as low as $58.69 and crossing below the 200-day moving average of $62.97. The sharp drop and breach of the 200-day MA signal negative technical momentum for the stock and could trigger further selling or stop-loss activity from momentum-focused investors.

Analysis

First American Financial (FAF) shares fell about 8.2% intraday, trading as low as $58.69 and crossing below the 200-day moving average of $62.97. The sharp drop and breach of the 200-day MA signal negative technical momentum for the stock and could trigger further selling or stop-loss activity from momentum-focused investors.