Say Hello to my Little Friend : The bond insurers continue to flirt with disaster as they come out guns a-blazin' against measures to help them survive. MBIA's latest salvo would be funny if it weren't so fatally Scarface-esque. According to its CFO in today's congressional testimony, "MBIA is more than adequately capitalized to meet obligations to policyholders... [MBIA] is confident that the rigorous oversight it has always been subject to from state regulators and the rating agencies will continue to be more than adequate going forward." (Bloomberg via Naked Capitalism)
The stock formed a inverted head & shoulders pattern that spans 3 months and is now right up near the neckline. It is also retesting the downward trendlind that goes back to May 2007. Better flip out that buy order just above the neckline.
I would think CEG, or any other oil-related stocks for that matter, is largely dependent on the oil futures. Right now, the March 08 Sweet Crude is up against the trendline. Will it punch through the trendline or will it backpedal from here?
*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.