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Is NMIH showing upside potential? New Uptrend shows up after sinking 0.19%
NMIH closed down 0.19% on Wednesday, July 1st, with volume running 0.2× below average. Multiple bullish signals emerged — New Uptrend and Upper Bollinger Band Walk — suggesting potential strength ahead. Key support levels exist at 40.63, 40.24 & 39.87, with resistance at 41.39, 41.76 & 42.15. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of NMIH: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »