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Recent 52-Week High Exceeded in Shares of Capstead Mortgag (CMO)

By David Diaz

Capstead Mortgag (NYSE:CMO) traded today at a new 52-week high of $9.07. Approximately 105,000 shares have changed hands today, as compared to an average 30-day volume of 630,000 shares.

Over the past year, Capstead Mortgag has traded in a range of $6.58 to $9.07 and is now at $9.03, 37% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Capstead Mortgage Corporation is a real estate investment trust and earns income from investing in real-estate related assets on a leveraged basis. The Company's investments currently consist primarily of residential ARM securities issued and guaranteed by government-sponsored entities.

There is potential upside of 5.2% for shares of Capstead Mortgag based on a current price of $9.03 and an average consensus analyst price target of $9.50. Capstead Mortgag shares have support at the 50-day moving average (MA) of $8.36 and additional support at the 200-day MA of $7.93.

SmarTrend recommended that subscribers consider buying shares of Capstead Mortgag on February 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.61. Since that recommendation, shares of Capstead Mortgag have risen 18.7%. We continue to monitor CMO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows capstead mortgag

Ticker(s): CMO