Friday, November 11, 2016 8:30:01 PM
The two bottoms occurred at January 25 and June 24th. The peak was March 23, 2016.
The downtrend started in early July 2015 after it hit $11.62. It declined to $5.52 on about January 24, 2016.
The breakout occurred on August 4th, when it hit $7.10. It ran until it hit resistance at $8.10. It broke resistance on October18th, running to $8.72.
The 9 days of down in the S&P 500, due to uncertainty of presidential outcome, took it back to $7.96 but, it broke out again hitting $9.20 this morning.
MTG remains in accumulation now. I would buy any pullbacks from here, while awaiting move above $9.
The calculated run is to $10.50/share. How fast it gets there is anyone's guess however, MGIC's book value is increasing and, the core fundamentals are very strong.
MGIC Investment publish a "Monthly Operating Summary", which indicates strength in every line item. (See October 2016 press release for more information)
Recent MTG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 03:42:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:56:50 PM
- MGIC Comments on the Recently Adopted PMIERs Updates • PR Newswire (US) • 08/21/2024 11:28:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/02/2024 08:29:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:10:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:05:01 PM
- MGIC Investment Corporation Reports Second Quarter 2024 Results • PR Newswire (US) • 07/31/2024 08:05:00 PM
- MGIC Investment Corporation Announces an Increase to Quarterly Dividend • PR Newswire (US) • 07/25/2024 05:04:00 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 07/25/2024 02:01:31 PM
- MGIC Investment Corporation Schedules 2nd Quarter 2024 Earnings Call • PR Newswire (US) • 07/01/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:51:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:45:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:44:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:44:09 PM
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