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Watch for Continued Gains in Shares of Invesco Mortgage Capital (IVR)

By Amy Schwartz

Invesco Mortgage Capital (NYSE:IVR) traded today at a new 52-week high of $17.17. Approximately 204,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Invesco Mortgage Capital invests in mortgage-backed securities for which a United States government agency guarantees payments of principal and interest. The Company also invests in non-agency residential mortgage-backed securities, commercial mortgage-backed securities, and residential and commercial loans.

In the past 52 weeks, shares of Invesco Mortgage Capital have traded between a low of $9.74 and a high of $17.17 and are now at $17.12, which is 76% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

Invesco Mortgage Capital (NYSE:IVR) defies analysts with a current price ($17.12) 7.1% above its average consensus price target of $15.90. Invesco Mortgage Capital shares have support at the 200-day moving average (MA) of $12.57 and additional support at the 50-day MA of $12.26.

SmarTrend recommended that subscribers consider buying shares of Invesco Mortgage Capital on December 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.87. Since that recommendation, shares of Invesco Mortgage Capital have risen 7.5%. We continue to monitor IVR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows invesco mortgage capital

Ticker(s): IVR