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Assured Guaranty Crosses Above its 10-day MA (AGO)

By James Quinn

Today, shares of Assured Guaranty (NYSE:AGO) have advanced above their 10-day MA of $27.21 on a volume of 334K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Assured Guaranty share prices have moved between a 52-week high of $29.75 and a 52-week low of $21.79 and are now trading 28% above that low price at $27.84 per share. 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 3.2%. 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