Financial Crisis On The Horizon? MBIA Inc. Chart Is Scary

#1
Could there be another financial crisis on the horizon? Shares of MBIA Inc. (NYSE:MBI) have a nasty setup that signals a downside move from its current $8.03 to $4.50. If it goes to $4.50, there are major problems in the economy and the financial system. The stock chart pattern is a head and shoulders. This is a well known technical pattern that is extremely bearish. Once it breaks the trend line shown in the stock chart below, watch out! It will likely head quickly to that $4.50 target price.




Bearish stock chart on MBIA Inc. signals financial collapse
 

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?