Schweitzer Mauduit & MBIA Moving Forward with Their Cases: (NYSE: SWM), (NYSE: MBI)
New York, NY -- (ReleaseWire) -- 02/06/2013 --Schweitzer Mauduit International Inc. (NYSE: SWM) traded in the range of $40.30 and $40.50 during its latest trading session. The stock had opened at $40.46 and is at $40.48, down 0.12 percent from its previous close of $40.53, with 44.8k shares volume. Its MACD chart shows bullish trend. The stock may go as high as $40.72 level in the coming trading sessions.
Schweitzer Mauduit International’s first support level is at $40.10. The company deals in reconstituted tobacco products and paper products. Schweitzer Mauduit International is based out of Georgia and it was formed in 1995.
Find out where SWM could be headed by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=SWM
MBIA Inc. (NYSE: MBI) stock is at $9.55, up 8.15 percent from its previous close of $8.83. Its latest trading volume has been recorded at 4.336 million shares, which is higher than its average daily trading volume of 3.208 million shares. The stock has made up movement with high volume and thus shows bullish trend. MBIA Inc. is likely to go up to $10.13 level in the coming trading sessions.
The stock is up after the news of the company’s case against Bank of America regarding sour mortgage backed securities. MBIA Inc. sued BoA claiming that its Countrywide unit misrepresented facts while selling Mortgage backed Securities.
Find out more on MBI here: http://www.wallstreetscoop.net/market-scan/?symbol=MBI
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