Ambac Financial (ABK) NewsBite - ABK Covered In Bloomberg Video Report Today

Posted: Friday, November 07, 2008 10:23 AM EDT
By: Market Intelligence Center Staff

Ambac Financial (ABK) was covered in a Bloomberg Video Report today and the stock is now at $1.83, up $0.31 (20.39%) on volume of 7,875,348 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $1.04 to a high of $34.42. Ambac Financial stock has been showing support around $1.17 and resistance in the $2.11 range. Technical indicators for the stock are neutral and S&P gives ABK a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for ABK. [ABR-Seven Summits Strategic Investments NewsBite]