RADIAN GROUP
(RDN-NYSE):
Technical Viewpoint: From a low
of $35.90 on Jun 26, 2003 prices
rallied, reaching a
high of $46.41
on Jul 21, 2003. A
decline saw prices pull back, reaching a
low of
$43.44 on Jul 23, 2003.
Another rally saw prices penetrate
resistance, closing 7/31/03
at $46.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 8, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.35. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 31, 2003. A P&F upside
reversal takes place at $45.50. Summary: Technical indicators have turned bullish. BUY! RADIAN GROUP
(RDN-NYSE) @ $47.25 Stop: Use a protective stop of $45.25.
RADIAN GROUP is currently trading @ $46.81 plus $2.20 on Jul 31, 2003. Price Objective:
$57.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1
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