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MBIA Inc. Message Board

  • sleestack76 sleestack76 Dec 21, 2013 5:54 AM Flag

    Nice Reversal

    I think that the recent downturn might be done in MBIA. Friday's price reversal was strong and on decent volume. There is still is possibility that we test 9.50 again but the Friday's candle is encouraging. MM or short finally let the share price go after 6 consecutive negative down days. Not sure if all the pain is done yet .......we will have to see how the pattern develops. Stock closed above its 65 day moving avg, but still needs to go above the 200 day. More importantly for fundamental investors the stock needs some good news about writing new business!

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MBI
7.68+0.92(+13.61%)Sep 2 4:00 PMEDT