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Mid-Day Follow-Up Commentary on Selected Picks: (NASDAQ:ACAD), (NYSE:MTG)

 
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New York, NY -- (SBWIRE) -- 01/23/2013 -- Pharmaceuticals Inc. (NASDAQ:ACAD) stock is at $5.81, up 2.45 percent from its previous close of $5.67. However, its today’s volume of 3.809 million shares is higher than its usual trading volume of 3.237 million shares. The stock opened the session at $6.00 and touched its highest price point at $6.19. Acadia Pharmaceuticals stock’s lowest price point for the session stood at $5.80. The stock’s MACD chart shows bullish trend in the short term. Its first resistance level is at $6.50. Acadia Pharmaceuticals develops small molecule drugs for treating neurological disorders.

Find out more on ACAD by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=ACAD

MGIC Investment Corp. (NYSE:MTG) is trading in the range of $3.04 and $3.33 during its latest trading session. The stock recorded the volume of 7.115 million shares, significantly higher than its average daily trading volume of 4.257 million shares. Its uptick accompanied by higher volume shows bullish trend, which is further confirmed by its MACD and EMA charts. The stock had opened at $3.04 and is at $3.25, up 8.78 percent from its previous close of $2.99. MGIC Investment offers mortgage insurance products. The company is based out of Wisconsin and also provides risk sharing arrangements.

Find out more on MTG by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MTG

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