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Annaly Capital Management Rises 1.00% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Annaly Capital Management (NYSE:NLY) traded in a range yesterday that spanned from a low of $11.01 to a high of $11.14. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $11.07 on volume of 4.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Annaly Capital Management share prices have been bracketed by a low of $8.25 and a high of $11.29 and are now at $11.11, 35% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Annaly Capital Management and will alert subscribers who have NLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders annaly capital management

Ticker(s): NLY