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SmarTrend Watching for Potential Pullback in Shares of Mfa Financial After 1.12% Gain

By Shiri Gupta

Mfa Financial (NYSE:MFA) traded in a range yesterday that spanned from a low of $7.47 to a high of $7.55. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $7.47 on volume of 1.9 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 is tracking the current trend status for Mfa Financial and will alert subscribers who have MFA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Mfa Financial have traded between a low of $6.40 and a high of $7.66 and are now at $7.53, which is 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 advanced 0.2%.

Keywords: rebounders mfa financial

Ticker(s): MFA