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Anworth Mortgage Asset Shares Up 40.7% Since SmarTrend's Buy Recommendation (ANH)

By Shiri Gupta

SmarTrend identified an Uptrend for Anworth Mortgage Asset (NYSE:ANH) on February 17th, 2016 at $4.47. In approximately 16 months, Anworth Mortgage Asset has returned 40.72% as of today's recent price of $6.29.

In the past 52 weeks, shares of Anworth Mortgage Asset have traded between a low of $3.66 and a high of $6.32 and are now at $6.29, which is 72% above that low price. The 200-day and 50-day moving averages have moved 0.18% lower and 0.14% higher over the past week, respectively.

Anworth Mortgage Asset Corporation invests in agency mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, and other real estate securities. The Company acquires mortgage assets primarily in the secondary mortgage market. Anworth uses short-term borrowings as collate ral to acquire additional mortgage assets.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Anworth Mortgage Asset shares.

Log in and add Anworth Mortgage Asset (ANH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights anworth mortgage asset

Ticker(s): ANH