Ambac Financial (ABK) NewsBite - One of Today's Top Gainers So Far

Posted: Friday, October 17, 2008 3:30 PM EDT

Ambac Financial (ABK) leads the list of top gainers so far today and is now at $3.63, up $0.97 (36.47%) on volume of 86,125,272 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.04 to a high of $62.20. Ambac Financial stock has been showing support around $1.43 and resistance in the $3.31 range. Technical indicators for the stock are neutral and S&P gives ABK a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ABK the stock seems like it could be a candidate for a January covered call above the 2.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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