Radian Group Inc. (NYSE: RDN) shares rose on Monday February 13 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock, increasing the price target of stock.
Meanwhile U.S. stock-market indexes opened higher on Monday, setting intraday all-time highs shortly after market open. The S&P 500 SPX, +0.35% opened up 6 points, or 0.2%, at 2,322.
The Nasdaq Composite COMP, +0.44% began the session up 18 points, or 0.3% higher at 5,752. The Dow Jones Industrial Average DJIA, +0.51% added 64 points or 0.3%, to 20,340 at the open.
Radian Group Inc. (NYSE: RDN) had its price target boosted by equities researchers at FBR & Co from $21.00 to $23.00. The company currently has a rating of Outperform on the shares. The one-year price target of $21.10 is above the opening price of $19.55, resulting a number of other analysts to report on the stock in recent days. Looking back over the last 52 weeks, Radian Group Inc. stock has a high of $19.76.
Shares of Radian Group Inc. (NYSE: RDN) opened at $19.55 yesterday trading between $19.55 and $19.76, and last traded at $19.70, which is a jump of $0.08 compared to the previous closing price.
Radian Group Inc. (NYSE: RDN) currently has a market cap of 4.23B.
Radian Group Inc. (NYSE: RDN) Average Daily Trading Volume
The stock’s average daily volume is 2,580,010 shares out of a total float 213,248,000 and some 314,602 shares crossed the trading desk yesterday, 91 percent lower than normal. lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
Radian Group Inc. (NYSE: RDN) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
Trades for Radian Group Inc. (NYSE: RDN) have ranged from $9.29 – 19.76, and the stock now has a 50-day MA of $18.36 and 200-day MA of $15.13. Today’s last price is 0.33%% lower than the 52 week high of $19.76.
Earnings growth is a crucial factor to consider when investing in stocks and investors seek companies that have increased their earnings at least 25% or more over 3 consecutive years.
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