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Assured Guaranty Set to Possibly Pullback After Yesterday's Rally of 9.20%

By David Diaz

Assured Guaranty (NYSE:AGO) traded in a range yesterday that spanned from a low of $47.92 to a high of $49.78. Yesterday, the shares gained 9.2%, which took the trading range above the 3-day high of $48.64 on volume of 69,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Assured Guaranty share prices have been bracketed by a low of $36.13 and a high of $49.78 and are now at $49.75, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

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