• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Radian Group Inc (NYSE:RDN)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Radian Group Inc (NYSE:RDN) based on the price action in the company's shares. Yesterday's price range of $23.00 and $23.19 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Radian Group Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Radian Group Inc (NYSE:RDN) is currently priced 1.1% above its average consensus analyst price target of $22.75. Radian Group Inc shares have support at the 50-day moving average (MA) of $22.94 and additional support at the 200-day MA of $20.11.

Radian Group Inc. provides financial guarantee insurance. The Company's products and services enable homebuyers to purchase homes more quickly and with smaller down payments, protect lenders against loan default, and lower the costs of mortgage origination and servicing. Radian also provides insurance and reinsurance to investors in corporate, municipal, and asset-backed securities.

In the past 52 weeks, shares of Radian Group Inc have traded between a low of $14.78 and a high of $24.62 and closed yesterday at $23.01, which is 56% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Radian Group Inc and will alert subscribers who have RDN in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle radian group inc

Ticker(s): RDN