Assured Guaranty Ltd. provides credit protection products to public
finance, infrastructure, and structured finance markets in the United
States and internationally. It offers insurance that protects holders of
debt instruments and other monetary obligations from defaults in
scheduled payments, including scheduled interest and principal payments.
The company insures various securities, including bonds issued by the
United States state or municipal governmental authorities; notes issued
to finance international infrastructure projects; and asset-backed
securities issued by special purpose entities. It also insures and
reinsures various types of the United States public finance obligations,
such as general obligation, tax-backed, municipal utility,
transportation, healthcare, higher education, housing revenue,
infrastructure, investor-owned utility, and other public finance bonds;
and various types of non-United States public finance obligations
comprising infrastructure finance, regulated utilities, pooled
infrastructure, and other public finance obligations.
Take a look at the 1-year chart of Assured (NYSE: AGO) below with added notations:
AGO has had a wild ride this year. During the swings the stock has
reached the $26.50 (blue) mark several times only to end up eventually
pulling back down. If AGO can retest the $26.50 level once more the
stock may finally look to break through it. A close above that
resistance would also constitute a new 52-week high.
The Tale of the Tape: AGO has a 52-week resistance
at $26.50. The possible long position on the stock would be on a
breakout above that level with a stop placed under it.
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