This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Radian Group(RDN - Get Report) is a credit enhancement company with a focus on domestic, first-lien residential mortgage insurance (first-lien). This stock is trading up 20% to $2.87 in recent trading.
Today's Range: $2.30-$2.88
52-Week Range: $1.80-$5.21
Volume: 5.4 million
Three-Month Average Volume: 4.98 million
>>3 Financial Stocks With Huge Dividends for Weak Growth
technical perspective, RDN is skyrocketing here on above average volume. This move has pushed the stock into breakout territory since it's taken out some near-term overhead resistance at $2.53. The next major breakout trade will trigger once RDN takes out its 200-day
moving average of $2.88 with volume.
Traders should now look for long-biased trades if RDN can sustain a move or close over $2.88 with volume that's near or above 4.98 million shares. If we get that action today or soon, then RDN can continue to uptrend back towards its 50-day moving average of $3.40 or possibly much higher.