Ambac Financial Group - ABK
Monthly chart shows sharp selloff from the highs in May 2007. Price is well below all key moving averages. No buy signal in sight.
Weekly chart shows price consolidation near its lows. Increased selling pressure evident last week. No buy signal in sight.
Daily chart shows consolidation range and bear flag formation. Look for break of $20 low and lower.
Saturday, December 15, 2007
ABK Analysis for 12.15.2007
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