Ambac Financial: The Trend Continues Lower (ABK)

source:mysmartrend.com
Jun 14, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ambac Financial (ABK) on June 09, 2010 at $0.78. In approximately 1 week, Ambac Financial has returned 14.6% as of today's recent price of $0.67.

Ambac Financial is currently below its 50-day moving average of $1.33 and below its 200-day moving average of $1.10. Look for these moving averages to decline to confirm the company's downward momentum.