Assured Guaranty Ltd. (AGO) : Traders are bullish on Assured Guaranty Ltd. (AGO) as it has outperformed the S&P 500 by a wide margin of 0.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.72% in the last 1 week, and is up 0.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 1.93%.The 200 Day SMA reached 8.35%
Assured Guaranty Ltd. (NYSE:AGO): After opening at $27.56, the stock dipped to an intraday low of $27.3 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.82 and the buying power remained strong till the end. The stock closed at $27.75 for the day, a gain of 0.91% for the day session. The total traded volume was 573,307. The stocks close on the previous trading day was $27.75.
Assured Guaranty Ltd. is a holding company. The Company provides, through its operating subsidiaries, credit protection products to the United States and international public finance, including infrastructure and structured finance markets. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors. It conducts its financial guaranty business on a direct basis from the following companies: Assured Guaranty Municipal Corp. (AGM), Municipal Assurance Corp. (MAC), Assured Guaranty Corp. (AGC), Assured Guaranty (Europe) Ltd. (AGE) and Assured Guaranty Re Ltd. (AG Re). The Company insures obligations issued in the United States. It also offers credit protection through reinsurance. The Company insures and reinsures various types of United States public finance obligations and various non-United States public finance obligations.