Barron's: Assured Guaranty (AGO) could thrive - Brent Archer

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Barron's: Assured Guaranty (AGO) could thrive
Oct 05, 2009 05:20 PM UTC

Brent Archer

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Via BloggingStocks:

Filed under: Good news, Newspapers, Magazines, Options, Technical Analysis

Assured Guaranty (NYSE: AGO - option chain) shares rose Monday after the stock received positive coverage in Barron's over the weekend. An analyst wrote in the magazine that shares of the stock could appreciate quickly since it is the only bond insurer among its competitors that still has the credit rating and financial strength to write insurance on new issues of municipal bonds and bond securitizations. Barron's also said that Assured Guaranty could have smaller-than-expected losses from claims. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on AGO.

AGO opened at $18.70. In morning trading, the stock hit a low of $18.70 and a high of $19.63. As of 11:05, AGO was trading at $19.53 up 1.38 (7.6%). The chart for AGO looks neutral and S&P gives AGO a neutral 3 STARS (out of 5) hold ranking.

Continue reading Barron's: Assured Guaranty (AGO) could thrive

Barron's: Assured Guaranty (AGO) could thrive originally appeared on BloggingStocks on Mon, 05 Oct 2009 12:20:00 EST. Please see our terms for use of feeds.

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