Uptrend Call Working As MBIA Stock Rises 32.1% (MBI)
SmarTrend identified an Uptrend for MBIA (NYSE:MBI) on November 26th, 2012 at $8.94. In approximately 4 months, MBIA has returned 32.10% as of today's recent price of $11.81.
In the past 52 weeks, MBIA share prices have been bracketed by a low of $6.78 and a high of $13.70 and are now at $11.81, 74% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 2.46% higher over the past week, respectively.
MBIA Inc. provides financial guarantee insurance and other forms of credit protection. The Company also offers investment management services to public finance and structured finance issuers, investors and capital market participants.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MBIA shares.
Log in and add MBIA (MBI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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