• Return to Headlines

Bearish Moving Average Cross by Agnc Investment (AGNC)

By Shiri Gupta

Agnc Investment (NASDAQ:AGNC) crossed under its 10-day moving average of $18.96 on a volume of 18.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Agnc Investment have traded between a low of $17.84 and a high of $22.34 and are now at $18.81, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 0.15% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Agnc Investment on October 27th, 2017 by issuing a Downtrend alert when the shares were trading at $20.53. Since that call, shares of Agnc Investment have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses agnc investment

Ticker(s): AGNC