Trading Idea That Paid – Assured Guaranty

Assured Guaranty Ltd. (AGO) was a notable winner in Friday trading session, jumped 2.28% to 28.77 – a fresh high.  This is bullish from a technical perspective.  In fact, a closer look at the daily chart of AGO suggested that the stock could climb up to test key technical resistance near 31 in the coming days.  Just so that you know, initially profiled in our April 27, 2015 “Swing Trader BulletinAGO had gained about 6% and remained well position.

The graphic below is from our “U.S. Market ETF Trading Map”, show the near-term technical bias and trading ranges for AGO.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red.  The yellow bars identify period of neutral or sideways trading pattern.  Additionally, the light-blue shading represents the short-term trading range.  A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).  Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Chart 1.1 – Assured Guaranty Ltd. (daily)

As indicated in the above chart, our “U.S. Market ETF Trading Map” rates AGO as a Buy.  AGO has been on a tear in recent days after the April correction tested and respected the massive 2-conjoining support near 25, od the bottom of its short-term trading range and the 38.2% Fibonacci retracement of the October 2014 to April 2015 upswing.  Friday’s upside breakout had helped clear resistance at the range top, signals a resumption of the October upswing…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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