In Monday evening’s Forecast Report, MBIA (MBI) signaled a potential buy around 4.00. The lowest the stock traded in pre-market action was 4.06, hit late in the session. A buy at the pre-market low is 3.7% in the black, as measured up to the 4.21 day high.
On the short side, any return to the 4.40 to 4.30 range looked like a possible sell target. The stock pulled up just short of hitting this target. A sell trade at the 4.29 pre-market high, as measured down to the 3.61 day low, is 18% in black.
