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Radian (RDN) Bearish Technical Alert - Trend Down 3.2%

Radian (NYSE:RDN) is trading 0.3% lower (down $0.03 to $8.69) today on volume of 1,010,669 shares. The stock has traded within a 52-week range of $0.95 and $12.48.

Radian is currently below its 50-day moving average of $9.08 and should find support at its 200-day moving average of $4.20.

SmarTrend is bearish on shares of RDN and our subscribers received a Downtrend alert on October 02, 2009 at $8.98, which has returned 3.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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