• Return to Headlines

Shares of Armour Residenti Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Shares of Armour Residenti (NYSE:ARR) traded at a new 52-week low today of $17.00. So far today approximately 251,000 shares have been exchanged, as compared to an average 30-day volume of 655,000 shares.

ARMOUR Residential REIT, Inc. is a real estate investment trust. The Company invests in Agency and Non-Agency mortgage related assets on a leveraged basis.

Armour Residenti (NYSE:ARR) has potential upside of 37.3% based on a current price of $17.00 and analysts' consensus price target of $23.33. Armour Residenti shares should first meet resistance at the 50-day moving average (MA) of $18.24 and find additional resistance at the 200-day MA of $19.87.

In the past 52 weeks, shares of Armour Residenti have traded between the current low of $17.00 and a high of $24.07 and are now at $17.00. The 200-day and 50-day moving averages have moved 0.24% lower and 0.09% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Armour Residenti. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Armour Residenti in search of a potential trend change.

Keywords: 52 week high/lows armour residenti

Ticker(s): ARR