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MFA Financial: The Winning Streak Continues (MFA)

By James Quinn

Shares of MFA Financial (NYSE:MFA) traded today at $8.62, breaking its 52-week high. So far today approximately 302,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

MFA Financial, Inc. is a mortgage real estate investment trust that invests primarily in hybrid and adjustable rate mortgage securities issued or guaranteed by an agency of the United States' government.

Over the past year, MFA Financial has traded in a range of $5.61 to $8.62 and is now at $8.59, 53% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

MFA Financial (NYSE:MFA) defies analysts with a current price ($8.59) 6.3% above its average consensus price target of $8.04. MFA Financial shares have support at the 200-day moving average (MA) of $6.88 and additional support at the 50-day MA of $6.82.

SmarTrend recommended that subscribers consider buying shares of MFA Financial on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.68. Since that recommendation, shares of MFA Financial have risen 28.4%. We continue to monitor MFA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mfa financial

Ticker(s): MFA