New York (January 2nd, 2012) - Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), a provider of Internet and mobile security products in China, is marginally higher in mid-day trading today after posting significant gains in trading on Monday. QIHU had rallied more than 8% on Monday, breaking through some key technical levels.
In today’s trading, QIHU is currently up 0.71% to $29.90 on volume of 1.38 million, which is half of the daily average volume of 2.75 million. The stock hit a 52-week high of $30.88 earlier today before paring some of the gains. QIHU broke through on Monday after trading in a tight range last week. Technical indicators for the stock are giving bullish signals, which suggests that the rally could continue in the next few trading sessions.
Radian Group Inc. (NYSE: RDN), a credit enhancement company focusing on domestic, first-lien residential mortgage insurance, is up sharply in mid-day trading today, continuing its rally from last month. RDN has been rallying since the start of December, gaining more than 44% in the last one month.
RDN has been gaining momentum amid some positive developments for the company, including the approval of RMAI subsidiary from Freddie Mac through 2013. Earlier today, the company announced the results of its exchange offer.
RDN is currently trading 3.11% higher at $6.30 on volume of 2.11 million, which is below the daily average volume of 3.39 million.