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Shares of Anworth Mortgage Asset Has Risen Above Previous 52-Week High

By Amy Schwartz

Anworth Mortgage Asset (NYSE:ANH) traded today at a new 52-week high of $6.30. Approximately 130,000 shares have changed hands today, as compared to an average 30-day volume of 530,000 shares.

Anworth Mortgage Asset share prices have moved between a 52-week high of $6.30 and a 52-week low of $3.66 and are now trading 72% above that low price at $6.29 per share. The 200-day and 50-day moving averages have moved 0.18% lower and 0.14% higher over the past week, respectively.

Based on a current price of $6.29, Anworth Mortgage Asset is currently 12.6% above its average consensus analyst price target of $5.50. Anworth Mortgage Asset shares have support at the 200-day moving average (MA) of $4.73 and additional support at the 50-day MA of $4.71.

Anworth Mortgage Asset Corporation invests in agency mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, and other real estate securities. The Company acquires mortgage assets primarily in the secondary mortgage market. Anworth uses short-term borrowings as collate ral to acquire additional mortgage assets.

SmarTrend recommended that subscribers consider buying shares of Anworth Mortgage Asset on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.47. Since that recommendation, shares of Anworth Mortgage Asset have risen 40.5%. We continue to monitor ANH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows anworth mortgage asset

Ticker(s): ANH