• Return to Headlines

Assured Guaranty Falls 1.03% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Assured Guaranty (NYSE:AGO) traded in a range yesterday that spanned from a low of $46.70 to a high of $47.28. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $46.94 on volume of 118,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Assured Guaranty share prices have been bracketed by a low of $39.89 and a high of $50.77 and are now at $47.05, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Assured Guaranty and will alert subscribers who have AGO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders assured guaranty

Ticker(s): AGO