Trade of the Day: MBIA Inc. (NYSE:MBI) Under $10 Stock Ready for a Big Move

MBIA Inc. (NYSE:MBI) — Shares of this diversified financial services company have already rallied more than 12% so far this month, in part spurred by the company’s latest earnings report. From a technical point of view, MBI stock looks to have built a bigger picture bottom that could lead to a move higher over the next 6-12 months.
On May 11, the company reported a drop in quarterly earnings from a year ago, primarily as a result of fewer gains on insured derivatives. However, they were still well ahead of expectations and investors bid up shares, which also got a boost in momentum from the broader leadership by the financial sector.  (more)

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