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SmarTrend Watching for Potential Rebound in Shares of Annaly Capital M After 1.05% Loss

By James Quinn

Annaly Capital M (NYSE:NLY) traded in a range yesterday that spanned from a low of $9.44 to a high of $9.51. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $9.52 on volume of 6.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Annaly Capital M share prices have been bracketed by a current low of $9.44 and a high of $10.78 and are now at $9.44. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

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

Keywords: rebounders annaly capital m

Ticker(s): NLY