23.1% Return Seen to Date on SmarTrend MGIC Investment Call (MTG)
SmarTrend identified an Uptrend for MGIC Investment (NYSE:MTG) on July 19th, 2016 at $6.99. In approximately 3 months, MGIC Investment has returned 23.12% as of today's recent price of $8.60.
Over the past year, MGIC Investment has traded in a range of $5.36 to $11.72 and is now at $8.60, 60% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 1%.
MGIC Investment Corporation, through its subsidiary, provides private mortgage insurance coverage in the United States. The Company's customers include thrifts, mortgage bankers and brokers, commercial banks, credit unions, and other lending institutions. The Company also provides, through subsidiaries, underwriting and contract services related to home mortgage lending.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MGIC Investment shares.
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