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Invesco Mortgage Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Invesco Mortgage (NYSE:IVR) traded at a new 52-week low today of $14.90. Approximately 200,000 shares have changed hands today, as compared to an average 30-day volume of 756,000 shares.

In the past 52 weeks, Invesco Mortgage share prices have been bracketed by a current low of $14.90 and a high of $18.86 and are now at $14.98. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

Invesco Mortgage has overhead space with shares priced $14.98, or 9.9% below the average consensus analyst price target of $16.62. The stock should find initial resistance at its 50-day moving average (MA) of $16.04 and further resistance at its 200-day MA of $16.28.

Invesco Mortgage Capital Inc. operates as a real estate investment trust. The Trust acquires, finances, and manages residential and commercial mortgage-backed securities and mortgage loans.

SmarTrend recommended that its subscribers protect gains by selling shares of Invesco Mortgage on January 29th, 2018 by issuing a Downtrend alert when the shares were trading at $16.85. Since that call, shares of Invesco Mortgage have fallen 11.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows invesco mortgage

Ticker(s): IVR