MGIC Investment Corporation ( $MTG ) is one of the super and best stock to buy under $20, as of April 27 2019. It’s a growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had severe reaction back in late 2018 along with the general stock market.
3. It also bounced back as the market recovered.
4. The stock stage two quick consolidations.
5. The stock also found support at the 50 day moving average line during the consolidation.
6. The volume runs around or below average.
7. The stock staged a breakout on a heavy volume this week.
8. The buying price would be $14.24 – $14.95.
