AMBAC FINANCIAL GROUP
(ABK-NYSE):
Technical Viewpoint: From a low
of $54.60 on Mar 1, 2001 prices
rallied, reaching a
high of $61.85
on Mar 8, 2001. A
decline saw prices pull back, reaching a
low of
$55.00 on Mar 22, 2001.
Another rally saw prices penetrate
resistance, closing 3/30/01
at $63.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 31, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 26, 2001. A P&F upside
reversal takes place at $61.50. Summary: Technical indicators have turned bullish. BUY! AMBAC FINANCIAL GROUP
(ABK-NYSE) @ $64.12 Stop: Use a protective stop of $61.50.
AMBAC FINANCIAL GROUP is currently trading @ $63.43 plus $2.48 on Mar 31, 2001. Price Objective:
$82.00. Risk/Reward: $2.62 VS. $17.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$82.00
Risk/Reward:
$2.62 VS. $17.88
Risk/Reward Ratio:
7:1
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