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Two Harbors Inve Crosses Below its 10-day MA (TWO)

By James Quinn

Today, shares of Two Harbors Inve (NYSE:TWO) have crossed bearishly below their 10-day moving average of $15.66 on a volume of 3.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Two Harbors Inve share prices have been bracketed by a low of $7.91 and a high of $16.83 and are now at $15.33, 94% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Two Harbors Inve on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.08. Since that recommendation, shares of Two Harbors Inve have risen 73.9%. We continue to monitor TWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses two harbors inve

Ticker(s): TWO