MGIC Investment (MTG, $25.31) price may drop as it broke higher Bollinger Band on May 01, 2025

#SpecialtyInsurance, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
MTG - MGIC Investment Corp
Bollinger signal
Bearish Trend
65%
Odds of DOWN Trend
Price: $25.31
Daily change: +$0.4 (+1.61%)
Daily volume: 2.2M
Capitalization: $6B
Industry: Specialty Insurance

This price move could be a signal that MTG 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 49 similar cases where MTG's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 65%.