10:40 am EST: The NLY weekly chart shows an interesting bullish falling wedge pattern that has hit a support zone near $10. There is also potential positive divergence setting up on the weekly RSI and MACD indicators with the new NLY price low.
Archive for the ‘mREITs’ Category
Posted by pugsma on December 4, 2013
Posted in mREITs | Comments Off on December 4th, 2013: NLY Weekly Chart
Posted by pugsma on September 13, 2013
10:15 am EST: AGNC is a mREIT (Mortgage Real Estate Investment Trust) that currently carries a 18.5% annual dividend. Thus, with AGNC you get paid a big dividend to wait for any price movement higher. Recently AGNC has been trading near its 2008 IPO price of $20 per share. This is after coming of a $37 all-time high in May 2013, which is a -45% decline.
AGNC appears to have put in an Inverse Head and Shoulders (IHS) bottom with a head at $20.5, neckline at $23.25 and target of $26 [i.e. 23.25 + (23.25-20.50)]. Over the past few days AGNC has broken above the $23.25 neckline, setting up the potential move to the IHS target of $26.0. Also notice at the initial $20.5 price low in July there was positive divergence set-up o the daily RSI (14), MACD (12,26,9) and Full-STO. AGNC price is also now trading above the bullish aligned short-term moving average cluster of 13-day EMA ($22.89), 13-day EMA ($22.69) and 50-day SMA ($22.30).
AGNC Daily Chart with Indicators (morning):
Posted in mREITs | Comments Off on Sept 13th, 2013: AGNC Daily Chart