Ambac Financial Group, Inc. (ABK) Surges On

July 26, 2010, 11:00 PM

Ambac Financial Group, Inc. (NYSE: ABK) had another monster day closing up 14.67% on 19,393,789 shares.   The five day chart on ABK looks very attractive and the price is currently at a resistance level last seen a month ago.

Ambac Financial Group, Inc. does not have significant operations. Previously, the company provided financial guarantee insurance and other credit enhancement products in the U.S. public finance market, the U.S. structured finance and asset-backed market, and the international finance market, and financial and investment products including investment agreements, funding conduits, interest rate, and currency and total return swaps. Ambac Financial Group was founded in 1971 and is headquartered in New York, New York.

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