MGIC Investment corp is showing a green low risk Go Trend continuation icon under the price bar.
After identifying a “Go” trend in early August, price has rallied while the GoNoGo Oscillator has been firmly above zero. Now, after hitting a high at the end of August, the GoNoGo Oscillator has fallen to the zero line and seems to have found support. We will look to see if this new surge of momentum in the direction of the “Go” trend is enough to push price to a new high.
