MGIC Investment (MTG) ZACKS·2025-05-26 14:55Group 1 - MGIC Investment Corporation (MTG) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a recent "golden cross" formation [1] - The golden cross occurs when a stock's short-term moving average (50-day) breaks above its long-term moving average (200-day), indicating a bullish breakout [1][2] - MTG has experienced a rally of 7.3% over the past four weeks and currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting potential for further gains [3] Group 2 - The positive earnings outlook for MTG is reinforced by the fact that no earnings estimates have been cut for the current quarter, with three revisions higher in the past 60 days [3] - The Zacks Consensus Estimate for MTG has also increased, further supporting the bullish case for the stock [3][5] - Given the positive technical factors and the movement in earnings estimates, investors are encouraged to monitor MTG for potential gains in the near future [5]