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-$2.8852-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 From a 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.
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