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Assured Guaranty Bullish Moving Average Crossover Alert (AGO)

By Amy Schwartz

Today, shares of Assured Guaranty (NYSE:AGO) have advanced above their 10-day MA of $29.99 on a volume of 891K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Assured Guaranty has traded in a range of $21.79 to $31.30 and is now at $31.29, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

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 12.2%. 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

Ticker(s): AGO