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Radian Group(RDN - Get Report), through its subsidiaries and affiliates, provides credit-related insurance coverage and financial services to mortgage lenders and other financial institutions. This stock is trading up 6.9% to $5.04 in recent trading.
Today's Range: $4.71-$5.09
52-Week Range: $1.91-$4.96
Volume: 4.2 million
Three-Month Average Volume: 3.8 million
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From a technical perspective, RDN is trending up here with above-average volume. This move has started to push RDN into breakout territory, since the stock has taken out some near-term overhead resistance levels at $4.84 to $4.96.
Traders should now look for long-biased trades in RDN as long as its trending above today's low of $4.70 with strong upside volume flows. I would consider any upside volume day that hits near or above 3.8 million shares as bullish. If RDN can sustain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $6 to $7.