Ambac Financial Group, Inc.(ABK) is in an downtrend

(23-May-2008) (23-May-2008) Ambac Financial Group, Inc.(ABK) closed at 2.49, down -0.51 or -17 % today. Based on our analysis, Ambac Financial Group, Inc.(ABK) is in an downtrend.

The closing price of Ambac Financial Group, Inc.(ABK) is below its 50 day moving average of 4.65 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Ambac Financial Group, Inc.(ABK) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line today, let us see if it stays below.