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Recent 52-Week High Exceeded in Shares of American Capital Agency (AGNC)

By Amy Schwartz

Shares of American Capital Agency (NASDAQ:AGNC) traded at a new 52-week high today of $22.18. So far today approximately 375,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

American Capital Agency Corporation is a real estate investment trust. The Trust invests exclusively in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.

In the past 52 weeks, shares of American Capital Agency have traded between a low of $15.69 and a high of $22.18 and are now at $22.11, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Based on a current price of $22.11, American Capital Agency is currently 15.1% above its average consensus analyst price target of $18.77. American Capital Agency shares have support at the 50-day moving average (MA) of $18.48 and additional support at the 200-day MA of $18.37.

SmarTrend recommended that subscribers consider buying shares of American Capital Agency on January 18th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.05. Since that recommendation, shares of American Capital Agency have risen 15.7%. We continue to monitor AGNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american capital agency

Ticker(s): AGNC