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TMCNet: SmarTrend Watching for Potential Rebound in Shares of Invesco Mortgage Capital After 2.20% Loss

[January 23, 2013]

SmarTrend Watching for Potential Rebound in Shares of Invesco Mortgage Capital After 2.20% Loss

Jan 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- Invesco Mortgage Capital (NYSE:IVR) traded in a range yesterday that spanned from a low of $21.06 to a high of $21.38. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $21.51 on volume of 14.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


Invesco Mortgage Capital share prices have moved between a 52-week high of $21.80 and a 52-week low of $15.00 and are now trading 42% above that low price at $21.28 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Invesco Mortgage Capital on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.46. Since that recommendation, shares of Invesco Mortgage Capital have risen 6.4%. We continue to monitor IVR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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