RDN Stock Trades Below 50-Day SMA: What Should Investors Do?

Radian Group Inc. (RDN) has been trading below its 50-day simple moving average (SMA), signaling a short-term bearish trend. As of Jan. 17, 2025, its share price was $32.94, down 13% from its 52-week high of $37.86.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of an uptrend or downtrend.RDN Trading Below 50-Day Moving AverageImage Source: Zacks Investment ResearchWith a market capitaliza ...