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Mgic Invt Corp Down 55.0% Since SmarTrend Downtrend Call (MTG)

By Nick Russo

SmarTrend identified a Downtrend for Mgic Invt Corp (NYSE:MTG) on February 26th, 2020 at $12.78. In approximately 4 weeks, Mgic Invt Corp has returned 54.97% as of today's recent price of $5.76.

In the past 52 weeks, Mgic Invt Corp share prices have been bracketed by a low of $4.34 and a high of $15.24 and are now at $5.75, 33% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 3.7%.

MGIC Investment Corporation provides private mortgage insurance services. The Company offers mortgage insurance to thrifts, mortgage bankers and brokers, commercial banks, credit unions, and other lending institutions. MGIC Investment serves customers in the United States and Puerto Rico.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mgic Invt Corp.

Log in and add Mgic Invt Corp (MTG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights mgic invt corp

Ticker(s): MTG