Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Mgic Investment Corporation (NYSE: MTG) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for MTG change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if MTG is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for MTG too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for MTG

• Buy MTG near 25.64 target 27.12 stop loss @ 25.57
• Short MTG slightly under 27.12, target 25.64, stop loss @ 27.2

Swing Trading Plans for MTG

• Buy MTG slightly over 26.61, target 27.12, Stop Loss @ 26.53
• Short MTG slightly near 26.61, target 25.71, Stop Loss @ 26.69.

Day Trading Plans for MTG

• Buy MTG slightly over 26.61, target 26.85, Stop Loss @ 26.55
• Short MTG slightly near 26.61, target 26.15, Stop Loss @ 26.67.

MTG Technical Summary | Raw Data for the Trading Plans