Assured Guaranty Ltd. (AGO)

[UpstateChris]

Since the board is basically just me, I am going to post what I see in the technicals. I encourage other points of view (ya, like anyone will read this...)

AGO Trading at 17.90 now. Above the 20SMA (16.81), 50SMA(15.42), 100SMA(17.66) Has a way to go to break the 200SMA(19.54). On the Daily, the Stochastic(8,10,3) is 63.69 (declining), RSI (9) is at 61.68 and rising, MACD & ADX positive, but not strongly so. Average volume is up. Overall, it is in a a positive upswing, but not yet at a strong break out point.

If the overall market holds we should be trading in mid 18.00's by close Friday.

Resistance exists at both the 19.50 area and the 20.30 area. Support (weak) around 17.57 and stronger at around 16.50.