Bollinger signal
76%
Odds of UP TrendPrice: $12.34
Daily change: -$0.31 (-2.45%)
Daily volume: 138.5K
Capitalization: $625M
Industry: Information Technology Services
This price move could be a signal that MGIC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 45 similar cases where MGIC's price broke its lower Bollinger Band, and 34 of them led to a successful outcome. Odds of Success: 76%.