Ambac Financial Group, Inc.(ABK) is in an downtrend but momentum is showing some life

(29-Feb-2008) (29-Feb-2008) Ambac Financial Group, Inc.(ABK) closed at 11.8, down -0.27 or -2.24 % today. Based on our analysis, Ambac Financial Group, Inc.(ABK) is in an downtrend but momentum is showing some life.

The closing price of Ambac Financial Group, Inc.(ABK) is below its 50 day moving average of 16.37 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Ambac Financial Group, Inc.(ABK) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 31-Jan-2008, about 21 trading days ago.