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Recent 52-Week Low Surpassed in Shares of Arlington Asset Investment Corp (AI)

By Shiri Gupta

Shares of Arlington Asset Investment Corp (NYSE:AI) traded today at $5.64, breaking its 52-week low. This new low was reached on approximately average trading volume as 380,000 shares traded hands, while the average 30-day volume is approximately 460,000 shares.

Potential upside of 95.0% exists for Arlington Asset Investment Corp, based on a current level of $5.64 and analysts' average consensus price target of $11.00. The stock should run into initial resistance at its 50-day moving average (MA) of $6.59 and subsequent resistance at its 200-day MA of $7.70.

Arlington Asset Investment Corp share prices have moved between a 52-week high of $10.32 and the current low of $5.64 and are currently at $5.64 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Arlington Asset Investment Corp on April 12th, 2019 by issuing a Downtrend alert when the shares were trading at $7.66. Since that call, shares of Arlington Asset Investment Corp have fallen 24.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows arlington asset investment corp

Ticker(s): AI