MBIA Inc. Retreats Afer Spike To $7.05

MBIA Inc. (MBI) shares ar trading higher by $0.18 at $6.75 in Tuesday's session. Positive reports out of Puerto Rico on debt repayment provided the boost to the issue. After stalling $0.03 of its November 19 high ($7.05) at $7.08. it has fallen back under $7. Since making the high, it had been attempting to build another base to rally from at $6.75. If that level is breached, it may find additional support at Monday's close ($6.57).