Mortgage REITs Equities Update -- Research on Newcastle Investment, American Capital Mortgage Investment, Two Harbors Investment, and ARMOUR Residential REIT
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LONDON, July 10, 2014 /PRNewswire/ --
On Wednesday, July 09, 2014, the NASDAQ Composite ended at 4,419.03, up 0.63%, the Dow Jones Industrial Average advanced 0.47%, to finish the day at 16,985.61, and the S&P 500 closed at 1,972.83, up 0.46%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 307.22, up 0.26%, with the index also advancing 3.36% in the previous three months. Investor-Edge has initiated coverage on the following equities: Newcastle Investment Corp. (NYSE: NCT), American Capital Mortgage Investment Corp. (NASDAQ: MTGE), Two Harbors Investment Corp. (NYSE: TWO) and ARMOUR Residential REIT Inc. (NYSE: ARR). Free technical research on NCT, MTGE, TWO and ARR can be downloaded upon signing up at:
http://www.investor-edge.com/4709-register
Newcastle Investment Corp.'s stock finished the Wednesday's session 1.25% lower at $4.73. A total of 3.02 million shares were traded, which was below its three months average volume of 3.42 million shares. The stock moved between $4.71 and $4.81 during the session. Although, Newcastle Investment Corp.'s shares have advanced 1.72% in the last three months, it has declined 0.42% in the previous three trading sessions and 2.01% on YTD basis. The stock is trading above its 200-day moving average of $4.71, while the 200-day moving average is below Newcastle Investment Corp.'s 50-day moving average of $4.74. Newcastle Investment Corp.'s stock traded at a PE ratio of 26.28 and has a Relative Strength Index (RSI) of 48.71. Sign up today to read free research on NCT at:
http://www.investor-edge.com/4709-NCT-10Jul2014.pdf
On Wednesday, shares in American Capital Mortgage Investment Corp. fluctuated between $19.51 and $19.69 before ending the session 0.20% higher at $19.67. American Capital Mortgage Investment Corp.'s stock reported a trading volume of 0.49 million shares, which was at par with its three months average volume. American Capital Mortgage Investment Corp.'s shares have advanced 0.51% in the previous three trading sessions, 2.50% in the last three months and 12.66% on YTD basis. The stock is trading above its 200-day moving average of $19.53. Moreover, shares of the company have an RSI of 33.96. Sign up today to read free research on MTGE at:
http://www.investor-edge.com/4709-MTGE-10Jul2014.pdf
Two Harbors Investment Corp.'s stock edged 0.29% lower, to close the day at $10.33. The stock recorded a trading volume of 2.21 million shares, below its three months average volume of 3.66 million shares. The stock oscillated between $10.27 and $10.36 during the session. Over the last three trading sessions and since the beginning of this year, Two Harbors Investment Corp.'s shares have gained 0.98% and 11.31%, respectively. However, the stock has lost 0.77% in the previous three months. The stock is trading above its 200-day moving average of $9.94, while the 200-day moving average is below Two Harbors Investment Corp.'s 50-day moving average of $10.42. Additionally, the stock traded at a PE ratio of 11.84 and has an RSI of 45.84. Sign up today to read free research on TWO at:
http://www.investor-edge.com/4709-TWO-10Jul2014.pdf
On Wednesday, shares in ARMOUR Residential REIT Inc. recorded a trading volume of 3.03 million shares, lower than its three months average volume of 3.41 million shares. The stock ended the day at $4.31, which was 0.23% below its previous day's closing of $4.32, and registered an intraday range of $4.29 and $4.33. Although ARMOUR Residential REIT Inc.'s shares have lost 0.23% in the previous three trading sessions, it has advanced 1.41% in the last three months and 7.48% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $4.29 and $4.16, respectively. Furthermore, shares of the company have an RSI of 51.93. Sign up today to read free research on ARR at:
http://www.investor-edge.com/4709-ARR-10Jul2014.pdf
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