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Arlington Asse-A: The Losing Streak Continues (AI)

By Amy Schwartz

Shares of Arlington Asse-A (NYSE:AI) traded today at $8.60, breaking its 52-week low. Approximately 104,000 shares have changed hands today, as compared to an average 30-day volume of 449,000 shares.

Over the past year, Arlington Asse-Ahas traded in a range of $8.60 to $12.82 and are now at $8.68. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.5%.

Arlington Asset Investment Corp. operates as an investment company. The Company invests in mortgage-related assets and merchant banking opportunities. Arlington Asset's investments include mortgage-backed securities (MBS) and collaterized mortgage obligations (CMOs).

Potential upside of 26.7% exists for Arlington Asse-A, based on a current level of $8.68 and analysts' average consensus price target of $11.00. The stock should find initial resistance at its 50-day moving average (MA) of $9.96 and further resistance at its 200-day MA of $10.84.

SmarTrend recommended that its subscribers protect gains by selling shares of Arlington Asse-A on June 19th, 2018 by issuing a Downtrend alert when the shares were trading at $10.62. Since that call, shares of Arlington Asse-A have fallen 18.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows arlington asse-a

Ticker(s): AI