Resistance BobChart
http://www.BobCharts.com This is today's chart for Ambac Financial Group.
Ambac Financial Group closed at 10.22.
The nearest support is 56.0 percent below the close at 4.50.
The nearest resistance is 49.71 percent above the close at 15.30.
There is talk that troubled monoline bond insurer Ambac may be able to raise 3 billion US dollars to rebuild its balance sheet and possibly preserve its precious AAA credit rating. That pleased Wall St, which is worried Banks will have to take a big new round of losses on bonds they hold if the insurers lose that AAA rating.
ofInterestNZ 4 years ago