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After Yesterday's Decline of 3.55%, Invesco Mortgage Offers Investors Better Value

By Amy Schwartz

Invesco Mortgage (NYSE:IVR) traded in a range yesterday that spanned from a low of $15.74 to a high of $15.89. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $16.33 on volume of 10.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Invesco Mortgage on January 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.64. Since that recommendation, shares of Invesco Mortgage have risen 4.6%. We continue to monitor IVR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Invesco Mortgage share prices have been bracketed by a low of $13.67 and a high of $16.66 and are now at $15.77, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

Keywords: rebounders invesco mortgage

Ticker(s): IVR