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Shares of New York Mtge Down on Above Average Volume, Moving Against Trend (NYMT)

By James Quinn

New York Mtge shares are trading on heavy volume today, having fallen 4.5% to $6.01. About 3.9 million shares have been traded today, as compared to the 30-day average volume of 1.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for New York Mtge and will alert subscribers who have NYMT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, New York Mtgehas traded in a range of $0.00 to $6.54 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: unusual volume new york mtge

Ticker(s): NYMT