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Is MGIC likely to continue higher? Crossed Above 20 Day Moving Average shows up after rising 1.2%
MGIC closed up 1.2% on Tuesday, September 16th, with volume running 0.5× below average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 19.96, 19.75 & 19.62, with resistance at 20.29, 20.42 & 20.63.
Current SwingTradeBot Technical Rating of MGIC: D
Today’s move could mean more—check all the signals for MGIC on SwingTradeBot.
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