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TMCNet:  Shares of MBI Down 18.1% Since Downtrend Call on Shares

[November 23, 2012]

Shares of MBI Down 18.1% Since Downtrend Call on Shares

Nov 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for MBIA (NYSE:MBI) on September 26th, 2012 at $10.22. In approximately 2 months, MBIA has returned 18.06% as of today's recent price of $8.37.

In the past 52 weeks, MBIA share prices have been bracketed by a low of $6.78 and a high of $13.50 and are now at $8.37, 23% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.6%.
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MBIA Inc. 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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of MBIA.

Log in and add MBIA (MBI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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