Shares of MGIC Investment Corporation (MTG) closed at $26.61 on Tuesday, near its 52-week high of$26.92. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $24.57 and$24.68, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.With a market capitalization of $6.31 billi ...