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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, 17 Nov 2017NoneBullish EngulfingMon, 13 Nov 20175.42%
***Stock database and scans are updated around midnight (New York time) every trading day.
14.39 0.00 (0%) Nov 17 4:00pm EDT
Open: 14.23 Range: 14.06 - 14.41 Vol: 2.37M Avg Vol: 2.63M
EPS: 0.97 P/E ratio: 14.73 EBITDA: 801.94M Mkt Cap: 5.30B
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 14.00
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 13.86
Last Trade is above the 50 day moving average at 12.97
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 11.46
* 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 2.6M shares being traded. In the medium term, the 50 day moving average, currently at 12.97 for MTG is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by MTG's ability to stay over the 20 day moving average for more than 82.5% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter MTG are at the 50 and 200 SMAs currently at 12.97 and 11.46 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 $15.13* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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