Chart Of The Day - Anworth Mortgage Asset Corp (ANH)

he Chart of the Day is Anworth Mortgage Asset Corp (ANH).  I found the stock by sorting the New High List for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/7 the stock gained 14.06%.

ANH was formed to invest in mortgage assets,including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other securities representing interests in, or obligations backed by, pools of mortgage loans which can be readily financed and short-term investments. The Company intends to acquire mortgage assets primarily in the secondary mortgage market through its manager, Anworth Mortgage Advisory Corporation.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 13.29% in the last month
  • Relative Strength Index 81.59%
  • Barchart computes a technical support level at 4.91
  • Recently traded at 5.63 with a 50 day moving average of 4.45

Fundamental factors:

  • Market Cap $719.14 million
  • P/E 8.58
  • Dividend yield 6.54%
  • Revenue predicted to decrease by 5.60% this year but increase again by 4.50% next year
  • Earnings estimated to decrease by 26.50% this year but increase by 5.60% next year and continue to increase by an annual rate of 5.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy, 5 hold and an under perform recommendation on this stock

Income stocks are doing well at the moment but you should be prepared to exit quickly if the investors start chasing growth stocks again.  Closely watch the 50 day moving average for signs of weakness.

I am long JLL.

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