Twitter Ticker ($MBI)

• Charles Amadeus
• September 22nd, 2009

Municipal Bond Insurance Association is garnering interest on StockTwits as it forms a double top breakout. With so many municipal bonds trading upwards ($MUB), maybe the business of insuring The State is becoming profitable.

Regardless of the fundamental outlook, $MBI looks ready for further gains as it trades in a primary and secondary uptrend above the upper Bollinger. A move below 7.92 would initiate a secondary downtrend, suggesting further consolidation as the stock digests recent gains.

Please note that this chart is displaying the 1 hour time frame rather than the usual daily. This is a closer look for traders interested in shorter term bets. More intraday charts will be appearing on this blog in the future, and potentially stocks on a 1 minute time frame on StockTwits.