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Anworth Mortgage Asset: 52-Week High Recently Eclipsed (ANH)

By David Diaz

Shares of Anworth Mortgage Asset (NYSE:ANH) traded at a new 52-week high today of $5.56. This new high was reached on below average trading volume as 151,000 shares traded hands, while the average 30-day volume is approximately 530,000 shares.

Anworth Mortgage Asset (NYSE:ANH) has potential upside of 0.4% based on a current price of $5.48 and analysts' consensus price target of $5.50. Anworth Mortgage Asset shares have support at the 200-day moving average (MA) of $4.73 and additional support at the 50-day MA of $4.71.

Over the past year, Anworth Mortgage Asset has traded in a range of $3.66 to $5.56 and is now at $5.48, 50% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.14% higher over the past week, respectively.

Anworth Mortgage Asset Corporation invests in agency mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, and other real estate securities. The Company acquires mortgage assets primarily in the secondary mortgage market. Anworth uses short-term borrowings as collate ral to acquire additional mortgage assets.

SmarTrend recommended that subscribers consider buying shares of Anworth Mortgage Asset on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.47. Since that recommendation, shares of Anworth Mortgage Asset have risen 23.9%. We continue to monitor ANH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows anworth mortgage asset

Ticker(s): ANH