Looks like a small pennant formed with probability of upside breakout to take GNW over 5 to stay, IMO
Yes, meant 200 DMA
Happened today, 50 day MA crossed above 100 day moving average. I don't put much stock in that, but some consider it a strong upside signal.
To be more realistic, I'd remove deferred acquisition costs and goodwill from "tangible" book value, still a sizable $22
Based on GNW MI revenue about 85% of RDN, GNW market value would extrapolate to 4.82
More than GNW market value. Why don't they just buy Genworth?