In the Zone

$ABK - Ambac Financial Group

Ambac Financial Group, Inc. does not have significant operations. Previously, the company provided financial guarantee insurance and other credit enhancement products in the U.S. public finance market, the U.S. structured finance and asset-backed market, and the international finance market; and financial and investment products, including investment agreements, funding conduits, interest rate, and currency and total return swaps. Ambac Financial Group was founded in 1971 and is headquartered in New York, New York.

The company ended trading at $1.20 up $0.18 or 17.65% on the upside on lighter than average weekly trading volume of 130.94 million. The average weekly trading volume for $ABK is 212.4 million. Keep a close eye on Ambac Financial on breakout to the upside above the $1.30 to $1.35 area.

***Please have a close look at the chart below***