Radian Group Inc. : Upward target has been reached...
Entry price | Target | Stop-loss | Potential |
---|
US$17.38 |
US$0 |
US$17.8 |
+100% |
---|
Radian Group reached a level of resistance. This line could contain the upward trend in the short term.
The company is still displaying poor fundamentals.
Graphically, the stock went through a period of rebound in recent sessions towards the USD 17.5 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the USD 16.3 support area which will be a bearish objective.
Due to the technical patterns and poor quality fundamentals that do not justify a new upward movement, investors can open a short position close to the USD 17.5 resistance. The price target being set at USD 16.3, a stop-loss order could be placed above USD 17.5 in order to limit further risks.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.