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MGIC Investment Corporation (MTG) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Property-Casualty Insurers
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneBullish EngulfingFri, 08 Sep 20178%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.02 0.00 (0%) Sep 22 4:00pm EDT
Open: 11.87 Range: 11.87 - 12.10 Vol: 2.03M Avg Vol: 2.7M
EPS: 0.97 P/E ratio: 12.38 EBITDA: 801.94M Mkt Cap: 4.45B
Analyze "MTG" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 11.88
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 11.48
Last Trade is above the 50 day moving average at 11.58
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 10.88
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MTG

Stock Trend Analysis - Buy, Sell or Hold "MGIC Investment Corporation" (MTG)?

MTG is in a very strong uptrend. In the last 52 weeks, MTG has been trading above the 200 day moving average for 100% of the time with an average daily volume of 2.7M shares being traded. In the medium term, the 50 day moving average, currently at 11.58 for MTG is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading with a slight bearish bias, which may indicate beginnings of a topping formation. It is unsurprising to have some profit taking set in at this stage as MTG's performance has been very strong thus far. Good places to consider buying into MTG are at the 50 and 200 SMAs currently at 11.58 and 10.88 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MTG".

The analyst consensus estimates for the 1 year price target for this stock is $13.15* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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