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Armour Residenti Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Shares of Armour Residenti (NYSE:ARR) traded at a new 52-week low today of $21.16. Approximately 160,000 shares have changed hands today, as compared to an average 30-day volume of 474,000 shares.

Over the past year, Armour Residentihas traded in a range of $21.16 to $27.29 and are now at $21.25. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

ARMOUR Residential REIT, Inc. is a real estate investment trust. The Company invests in Agency and Non-Agency mortgage related assets on a leveraged basis.

Armour Residenti has overhead space with shares priced $21.25, or 8.9% below the average consensus analyst price target of $23.33. Armour Residenti shares should first meet resistance at the 50-day moving average (MA) of $23.12 and find additional resistance at the 200-day MA of $23.21.

SmarTrend is tracking the current trend status for Armour Residenti and will alert subscribers who have ARR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows armour residenti

Ticker(s): ARR