Bollinger signal
78%
Odds of DOWN TrendPrice: $17.4
Daily change: +$0.42 (+2.47%)
Daily volume: 78.2K
Capitalization: $806.4M
Industry: Information Technology Services
This price move could be a signal that MGIC may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 41 similar cases where MGIC's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 78%.