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New York Mortgage Trust Falling Today on Above-Average Volume (NYMT)

By David Diaz

New York Mortgage Trust shares are trading on heavy volume today, having fallen 7.7% to $5.98. About 999,000 shares have been traded today, as compared to the 30-day average volume of 629,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of New York Mortgage Trust on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.94. Since that recommendation, shares of New York Mortgage Trust have risen 31.2%. We continue to monitor NYMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, New York Mortgage Trust share prices have been bracketed by a low of $3.82 and a high of $8.05 and are now at $5.95, 56% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.

Keywords: unusual volume new york mortgage trust

Ticker(s): NYMT