How These 2 Stocks Look on Technical Charts: MGIC Investment Corporation (MTG), Ribbon Communications Inc. (RBBN)

MGIC Investment Corporation (NYSE:MTG) traded at an unexpectedly low level on 03/12/2018 when the stock experienced a -9.36% loss to a closing price of $13.36. The company saw 13.35 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 2.85 million shares a day, this signifies a pretty significant change over the norm.

MGIC Investment Corporation (MTG) Max Upside Potential Is 49.7%

Analysts are speculating a 49.7% move, based on the high target price ($20) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $18.15 price target, but the stock is already up 38.02% from its recent lows. However, the stock is trading at -17.58% versus recent highs ($ 16.21). Analysts believe that we could see stock price minimum in the $14.5 range (lowest target price), allowing for another 8.53% jump from its current position. Leading up to this report, we have seen a -3.61% fall in the stock price over the last 30 days and a -12.79% decline over the past 3 months. Overall, the share price is down -5.32% so far this year. Additionally, MTG had a day price range of $13.02 to $14.66.

MGIC Investment Corporation (MTG) RSI Reaches 38.98

Heading into the stock price potential, MGIC Investment Corporation needs to grow just 34.73% to cross its median price target of $18. In order to determine directional movement, the 50-day and 200-day moving averages for MGIC Investment Corporation (NYSE:MTG) are $14.47 and $13.8. Given that liquidity is king in short-term, MTG is a stock with 390.2 million shares outstanding that normally trades 1.16% of its float. The stock price recently experienced a 5-day loss of -3.82% with 0.53 average true range (ATR). MTG has a beta of 1.95 and RSI is 38.98.

Ribbon Communications Inc. (NASDAQ:RBBN)’s -23.67% Lead Over A Technical Metric

On the other hand, Ribbon Communications Inc. by far traveled -3.48% versus a 1-year low price of $5.46. The share price was last seen -9.29% lower, reaching at $5.27 on Mar. 12, 2018. At recent session, the prices were hovering between $5.25 and $5.96. This company shares are 59.01% off its target price of $8.38 and the current market capitalization stands at $540.6M. The recent change has given its price a -23.67% deficit over SMA 50 and -41.77% deficit over its 52-week high. The stock witnessed -20.15% declines, -31.82% declines and -23.51% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RBBN’s volatility during a week at 5.44% and during a month it has been found around 5.31%.

Ribbon Communications Inc. (NASDAQ:RBBN) Is Active With 2.64 million Shares

Ribbon Communications Inc. (RBBN) exchanged hands at an unexpectedly high level of 2.64 million shares over the course of the day. Noting its average daily volume at 0.38 million shares each day over the month, this signifies a pretty significant change over the norm.

Ribbon Communications Inc. Is Worth At Least $7

The market experts are predicting a 146.68% rally, based on the high target price ($13) for Ribbon Communications Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $7 range (lowest target price). If faced, it would be a 32.83% jump from its current position. Overall, the share price is down -31.82% year to date.

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