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Shares of Arlington Asset Investment Corp Fall to a New 52-Week Low

By David Diaz

Shares of Arlington Asset Investment Corp (NYSE:AI) traded today at $5.44, breaking its 52-week low. This new low was reached on below average trading volume as 208,000 shares traded hands, while the average 30-day volume is approximately 443,000 shares.

Arlington Asset Investment Corp (NYSE:AI) has potential upside of 102.2% based on a current price of $5.44 and analysts' consensus price target of $11.00. The stock should run into initial resistance at its 50-day moving average (MA) of $6.46 and subsequent resistance at its 200-day MA of $7.63.

Arlington Asset Investment Corp share prices have moved between a 52-week high of $10.32 and the current low of $5.44 and are currently at $5.44 per share. The 200-day and 50-day moving averages have moved 0.56% lower and 1.15% lower over the past week, respectively.

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 28.7%. 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