TMCnet News
MBIA Shares Down 27.3% Since SmarTrend's Sell Call (MBI)May 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for MBIA (NYSE:MBI) on February 16th, 2012 at $11.60. In approximately 3 months, MBIA has returned 27.30% as of today's recent price of $8.43. MBIA share prices have moved between a 52-week high of $13.50 and a 52-week low of $5.99 and are now trading 41% above that low price at $8.43 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%. 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 changes in momentum for shares of MBIA. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
