Radian Group (RDN, $35.49) price may drop as it broke higher Bollinger Band on Oct 16, 2024

#SpecialtyInsurance, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #Russel2000
RDN - Radian Group
Bollinger signal
Bearish Trend
71%
Odds of DOWN Trend
Price: $35.49
Daily change: +$0.59 (+1.69%)
Daily volume: 552.7K
Industry: Specialty Insurance

This price move could be a signal that RDN 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 RDN's price broke its higher Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 71%.