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Annaly Capital M Rises 1.05% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Annaly Capital M (NYSE:NLY) traded in a range yesterday that spanned from a low of $8.69 to a high of $8.73. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $8.69 on volume of 6.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Annaly Capital M on November 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $11.26. Since that call, shares of Annaly Capital M have fallen 23.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Annaly Capital M share prices have been bracketed by a low of $8.07 and a high of $10.61 and are now at $8.69, 8% above that low price. The 200-day and 50-day moving averages have moved 0.35% lower and 0.84% lower over the past week, respectively.

Keywords: rebounders annaly capital m

Ticker(s): NLY