Sector Watch

Play of the Day
Current Plays
Watch List
New Plays
Play Updates

Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101

Play Results
Split Predictions

Ask the Trader
Trading 101
Dow Charts

SEC Filings
Coming Economic Events
BoD Meetings

Chat Room
Message Boards

Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

PLAY > New Plays Monday, April 02, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays

MBI - MBIA Incorporated $81.70 +1.02 (+1.02)

As traders continue to dodge bullets in the slow grinding technology sector, opportunities appear to be rising elsewhere. One such opportunity is MBIA Incorporated (MBI), which offers insurance for new issues of municipal bonds, including bonds held in unit investment trusts and mutual funds. Growth prospects for the company are inherently tied to interest rates, which currently make the stock timely because of the recent rate reductions by the Federal Reserve. What's more compelling to us though is the fact that the company announced a 3:2 stock split back on 3/15/01, which will be payable to shareholders of record on 4/20/01. We're anticipating a possible split run into the payable date. Looking at the chart, MBIA shares, after falling from an intraday high of $83.80, managed to hold above the previous high of $81.10. Today's advance came on volume of 1,121,900 shares, nearly 100 percent above its three-month ADV. This is an excellent indication that momentum players added positions on the breakout. The short-term technical readings also points to higher levels, with a bullish crossover in the MACD and the OBV planted firmly near year highs. As far as entries in MBI are concerned, a move above today's high of $83.80 could prove to be an excellent entry point. A bounce off support offered by the 3/08/01 high of $81.10 may also prove to be a good entry level. We'll set stops near the 40- dma at $76.50 to limit our downside risk.

Picked on April 2nd@ $81.70
Change since picked 0.00
Stop Loss @ $76.50
Interactive Chart Quote News First Call on MBI

New Candidate Plays


New Momentum Plays


New Plays Index


Copyright 2001

Do not duplicate or redistribute in any form.
Privacy Statement   Disclaimer   Terms Of Service