ABK Watch

Bond-insurer Ambac Financial Group Inc. (ABK) has follows through nicely today on Friday's switches to bull phase. The stock is trading more than 8% above Friday's close.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
ABK $1.30

At 10:30 a.m. Eastern

The move to $1.30 still allows a lot of room for a further rise before the price hits major resistance.

Reversal Levels

• $2.22, +70.8%
• $1.78, +36.9%
• $1.58, +21.5%
• $1.48, +13.9%
• $1.30 <== You are here.
• $0.83, -36.2%

My earlier analysis of ABK.

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Abbreviations:

• psar - Parabolic Stop and Reverse
• adx - Average Directional Index
• pps - Person's Proprietary Signal
• ma20 - 20-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.