I don't know. I thought MBI would touch $12 this week, and it came close. Volume and technicals don't indicate a bottom, though. This feels like a dead cat bounce. Barring very positive news soon, the short term trend is bearish, with overhead resistance at $13.00 - $13.50. There should be a decline from there that goes to about $10 by late August.
Time will tell :-) ... your thoughts welcome. GLTA.
w might test the 200 day moving average around 12 bucks but it a nice "W" pattern formation is occurring. Hopefully we begin to bounce from here and we get news from the company soon regarding writing new business.