MGIC Investment Corporation (MTG)

MGIC Investment Corporation is trading at $27.31, down 3.05% on the session. The 50 day average sits at $29.53 and the 200 day at $27.75, which puts the stock in a uptrend. RSI is at 46.2, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $25.68 with resistance near $27.87, so that band frames the current range. Average daily movement is roughly $0.66, or about 2.4% of the share price, which is what any stop placement has to allow for. The overall health score of 51 out of 100 combines a trend score of 33, momentum of 61 and a risk score of 66.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. It also provides contract underwriting services, as well as reinsurance services. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.