Red’s Bull Trade Alert: MBIA Inc. (NYSE:MBI)
1 December 2011
Profile: MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company issues financial guarantees for municipal bonds, asset-backed securities, mortgage-backed securities, investor-owned utility bonds, bonds backed by publicly or privately funded public-purpose projects, bonds issued by sovereign and sub-sovereign entities, and bonds backed by other revenue sources, such as corporate franchise revenues. It guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies. The company also offers advisory services, including cash management, discretionary asset management, and structured products provided on a fee-for-service basis for public, not-for-profit, corporate, and financial services clients. MBIA Inc. provides its advisory services through its own field sales force, as well as through various intermediaries, such as broker dealers, investment consultants, and financial advisors. The company was founded in Y 1973 and is HQ’d in Armonk, New York.
Profile: MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company issues financial guarantees for municipal bonds, asset-backed securities, mortgage-backed securities, investor-owned utility bonds, bonds backed by publicly or privately funded public-purpose projects, bonds issued by sovereign and sub-sovereign entities, and bonds backed by other revenue sources, such as corporate franchise revenues. It guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies. The company also offers advisory services, including cash management, discretionary asset management, and structured products provided on a fee-for-service basis for public, not-for-profit, corporate, and financial services clients. MBIA Inc. provides its advisory services through its own field sales force, as well as through various intermediaries, such as broker dealers, investment consultants, and financial advisors. The company was founded in Y 1973 and is HQ’d in Armonk, New York.
Sector: Financial, Property & Casualty Insurance
Website: http://www.mbia.com
LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr. ID’d the beginning of a new Bullish trend for MBIA Inc.
Shares of MBI closed Tuesday at 8.17 and opened Wednesday at 8.43 .
MBI closed the session Wednesday at 9.69 +1.53 (18.73%).
The price range Wednesday was between 8.25 and 9.77 .
Volume:11,730,266/shrs 5+ times more than its 3 mo average volume of /2,172,770/shrs.
MBI is trading above it its 20, 50,and 200-Day Moving Averages.
My Technical Indicators augur Strong new Bullish price action in here.
The stock’s 52 wk low is 5.99 and 52 week high is 14.96, its P/E ratio is 0.00, its EPS is -1.15, its RSI is 72.22, Beta is 2.49, the Div & Yield is 0.00 (N/A), and the P/C ratio is 0.26.
Performance Metrics for: Wk.+33.61%, Mo.+10.23%, Q:+25.00%, 6 Mo.+13.98%: Yr.-0/92%
| Analysis | Overall | Short | Intermediate | Long |
| Bullish (0.40) | Bullish (0.40) | Neutral (0.17) | Very Bullish (0.64) |
| Recent CandleStick Analysis Neutral |
| Date | Candle | 25 Nov 2011 | Bearish Harami | 23 Nov 2011 | Bullish Engulfing |
| Open Gaps |
| Direction | Date | Range |
| Up | 29 Nov 2011 | 7.83 to 7.86 |
Technical Indicators |
| Ind. | Short | Inter | Long |
| EMA | VBu | VBu | VBu |
| MACD | VBu | VBe | VBu |
| RSI | N | ||
| TDD | Bu | ||
| Fibs | Bu | Be | Bu |
| Highs | N | N | N |
| Lows | N | N | VBu |
| Trends | VBu | N | N |
| Stoch. | Be |
| VBu=Very Bullish, Bu=BullishN=NeutralBe=Bearish, VBe=Very Bearish |
1 yr Price Target Price Estimate: 21.00
Earnings Date: 10 February 2012
Analysts’ Recommendation: Strong Buy
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