Above Resistance - MBIA | Trading Ideas

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Above Resistance - MBIA

Published on Tuesday, 13 December 2011 09:28 Written by TradersHuddle Staff

New York, December 13th (TradersHuddle.com) - Shares of MBIA Inc. (NYSE:MBI) closed the trading session at $11.40 just above calculated resistance at $11.35 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

MBIA Inc. (NYSE:MBI) 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.

MBIA's stock was trading in a well defined range with support at $7.10 and resistance at $11.35, given that this range was broken traders will be closely monitoring the stock

MBIA Subsidiary, National Public Finance Guarantee Corporation Comments on Its Exposure to the City of Stockton, California - Benzinga
MBIA Inc Stock Downgraded (MBI) - TheStreet.com
MBIA Inc Stock Upgraded (MBI) - TheStreet.com
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Morgan Stanley Shares Jump On MBIA Settlement - TheStreet.com
MBIA Inc (MBI): Today's Featured Financial Winner - TheStreet.com
MBIA Inc (MBI): Today's Featured Insurance Winner - TheStreet.com

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