Nearest Support: $20
Catalyst: New Highs
Nearest Support: $3.25
Catalyst: Share Offering Shares of mortgage insurer MGIC Investment (MTG - Get Report) are down 10% this afternoon following a well-timed $1.1 billion stock and bond issuance this week. Despite today's decline, shares of MTG are still up more than 82% in the last month off the heels of a better-than-expected fourth-quarter earnings call. While the offering pulled the rug out from under the rally in shares, investors are still hanging onto the vast majority of their gains. If they want to keep those gains, they'd be well-advised to sell now. MTG had a volatile rally into this month, and a decline could be just as swift. Today's inability to even touch yesterday's price action is telling that buyers have lost their control of shares. Now looks like a good time to be a seller. Navistar International Nearest Resistance: $35
Nearest Support: $27
Catalyst: Earnings Surprise Navistar International (NAV - Get Report) surprised investors after the close yesterday with a less-worse loss than expected. The news is sending shares of the truck maker up more than 25% as I write today. While analysts expected a loss of $1.76 per share, the firm only lost $1.42. That may sound like cold comfort, but in fact the loss is a huge improvement from the same quarter a year ago -- and investors are showing their appreciation with their dollars.