Essent Group Ltd. ( $ESNT ) is one of the best stock to buy and offering possible buying price between $49.57 – $52.05, as of June 25th, 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock bounced back from a deep sell off back in January and had a great run.
3. The stock consolidated gains after the great run.
4. The stock even came under a severe distribution during the consolidation, but survived.
5. The stock resumed the run and made decent gains.
6. The stock also found support at the 50 day moving average support line during the run, but it slightly below that line, as of this week.
7. The potential buying price would be $49.57 – $52.05 with a stop loss at $45.60.
