MGIC INVESTMENTS CORP
(MGIC-Nasdaq):
Technical Viewpoint: From a low
of $54.60 on Dec 10, 2001 prices
rallied, reaching a
high of $63.40
on Jan 1, 2002. A
decline saw prices pull back, reaching a
low of
$59.03 on Jan 10, 2002.
Another rally saw prices penetrate
resistance, closing 1/11/02
at $64.48. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 20, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.50. Resistance: Is at $67.31.
Point & Figure: Reversed to the upside on Jan 11, 2002. A P&F upside
reversal takes place at $62.25. Summary: Technical indicators have turned bullish. BUY! MGIC INVESTMENTS CORP
(MGIC-Nasdaq) @ $65.13 Stop: Use a protective stop of $62.63.
MGIC INVESTMENTS CORP is currently trading @ $64.48 plus $2.28 on Jan 11, 2002. Price Objective:
$78.00. Risk/Reward: $2.50 VS. $12.88. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$78.00
Risk/Reward:
$2.50 VS. $12.88
Risk/Reward Ratio:
5:1
|