Assured Guaranty Bearish Moving Average Crossover Alert (AGO)
Today, shares of Assured Guaranty (NYSE:AGO) have crossed bearishly below their 10-day moving average of $27.67 on a volume of 197K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Assured Guaranty have traded between a low of $21.79 and a high of $29.75 and are now at $27.50, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Assured Guaranty on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.21. Since that recommendation, shares of Assured Guaranty have risen 6.1%. We continue to monitor AGO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses assured guaranty