AGO daily analysisHi friends
the daily chart of this market shows with a high probability that the first goal will be the level of 42.88 and if there will be a breakout at this level the second goal will be the level 47.98
1.64%
7.72USD
124MUSD
806MUSD
54.052M
About Assured Guaranty Ltd.
Sector
Industry
CEO
Dominic John Frederico
Website
Headquarters
Hamilton
Employees (FY)
411
Founded
2003
ISIN
BMG0585R1060
Assured Guaranty Ltd. is a holding company, which engages in the provision of credit protection products to the U.S. and international public finance, and structured finance markets through its subsidiaries. It operates through the following segments: Insurance and Asset Management. The Insurance segment includes the company's domestic and foreign insurance subsidiaries and their wholly-owned subsidiaries that provide credit protection products to the U.S. and international public and structured finance markets. The Asset Management segment consists of the company's Assured Investment Management subsidiaries, which provide asset management services to outside investors as well as to the company's Insurance segment. The company was founded in August 2003 and is headquartered in Hamilton, Bermuda.
Long setup for AGO in the Insurance sectorWhat I see...
+ A wedge squeezing in with prices supported by the Support trend line after earnings last week
+ Vol. spike on Friday, despite a red bar, it painted a hammer with long lower shadow
+ Multiple short bursts of 20% to 40% increase since March within 3-4 sessions
- Lost more than 50% of
AGO: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
Price is likely to move within the parallel channel having the potential to breaking it down.
CCI triple top divergence waiting to breakdown the
AGO - Looking for value in troubled timesWith a book value per share of $50 and an Earnings Per Share of 6.6, we can estimate a fair value of around $86. Bear in mind that valuation of financial companies is very hard, so even when this math may be right, financial companies tend to suffer the most when the finance and capital markets over
SCT ConfirmedThe price has broken upward with above average volume out of a consolidation period. This may suggest a continuation of previous uptrend that halted by MARKET BRUTALITY. If price stays above $25, good to stay long or add more with target price $31-$32 area.
AGO short playPrice stalling out with selling pressure coming in around the $29.00 area and also now with 4/8 emas pointing down, this can me a good short with a stop above 29.12 as this would negate the set up. It will take a big move to push this through that area of distribution though. Also there has been som
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