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Shares of Anworth Mortgage Fall to a New 52-Week Low

By Nick Russo

Shares of Anworth Mortgage (NYSE:ANH) traded at a new 52-week low today of $4.34. So far today approximately 113,000 shares have been exchanged, as compared to an average 30-day volume of 591,000 shares.

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 collateral to acquire additional mortgage assets.

Anworth Mortgage (NYSE:ANH) has potential upside of 8.9% based on a current price of $4.36 and analysts' consensus price target of $4.75. The stock should find initial resistance at its 50-day moving average (MA) of $4.78 and further resistance at its 200-day MA of $4.91.

Anworth Mortgage share prices have moved between a 52-week high of $6.09 and the current low of $4.34 and are currently at $4.36 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 0.9%.

SmarTrend is tracking the current trend status for Anworth Mortgage and will alert subscribers who have ANH in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows anworth mortgage

Ticker(s): ANH