Bollinger signal
79%
Odds of DOWN TrendPrice: $13.39
Daily change: +$0.54 (+4.2%)
Daily volume: 735K
Capitalization: $680.9M
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 42 similar cases where MGIC's price broke its higher Bollinger Band, and 33 of them led to a successful outcome. Odds of Success: 79%.