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Invesco Mortgage Set to Possibly Pullback After Yesterday's Rally of 4.52%

By James Quinn

Invesco Mortgage (NYSE:IVR) traded in a range yesterday that spanned from a low of $15.76 to a high of $16.23. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $15.84 on volume of 426,000 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, Invesco Mortgage share prices have been bracketed by a low of $13.67 and a high of $16.66 and are now at $16.18, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Invesco Mortgage and will alert subscribers who have IVR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders invesco mortgage

Ticker(s): IVR