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After Yesterday's Rally of 3.44% Shares Could Potentially Pullback
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Radian (NYSE:RDN) traded in a range yesterday that spanned from a low of $7.90 to a high of $8.69. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $8.48 on volume of 21.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Radian on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.91. Since that recommendation, shares of Radian have risen 66.0%. We continue to monitor RDN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Radian share prices have moved between a 52-week high of $8.69 and a 52-week low of $2.00 and are now trading 322% above that low price at $8.43 per share. The 200-day and 50-day moving averages have moved 1.96% higher and 3.04% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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