Radian Group - RDN)

The Chart of the Day is Radian Group (RDN) which showed up on the Barchart's 3 Month New High list.  Hitting 6.52 today is a new high for the stock.  In the past quarter the price has hit new high on 13 sessions and is up 43.65%.  Radian Group Inc. is the parent company of Radian Guaranty Inc. The company provides private mortgage insurance and risk management services to mortgage lenders nationwide; these services increase homeownership opportunities by helping people to buy homes with down payments of less than 20 percent.  The stock recently went through a recapitalization of its debt structure.

We found the Chart of the day by scanning the 3 Month New High list of the stock trading over 100K per day and sorting for frequency.  Next use the flipchart function and flip till you find a chart with the attributes you are looking for.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical Indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 43.65% in the last quarter
• Relative Strength Index 79.13%
• Barchart computes a technical support level at 5.38
• Recently traded at 6.23 with a 50 day moving average of 4.79

Fundamental factors:

• Analysts have issued 5 hold and a sell recommendation
• They may not have factored in the recent debt restructure
• Revenue projected to increase by 10.50% next year
• Earnings estimated to increase by 90.00% next year 
• Earnings predicted to increase annually by 12.00% for the next 5 years
• P/E - none - coming off deficit
• Dividend .17%
• Market Capitalization $765 million

Sell criteria - If you add this to your portfolio I suggest that your sell point be a drop of 10% in price or when the stock crosses below its 50 day moving average.