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Anworth Mortgage Shares Up 33.4% Since SmarTrend's Buy Recommendation (ANH)

By James Quinn

SmarTrend identified an Uptrend for Anworth Mortgage (NYSE:ANH) on February 17th, 2016 at $4.47. In approximately 18 months, Anworth Mortgage has returned 33.45% as of today's recent price of $5.97.

In the past 52 weeks, Anworth Mortgage share prices have been bracketed by a low of $4.47 and a high of $6.35 and are now at $5.96, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

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 collateral 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 shares.

Log in and add Anworth Mortgage (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

Ticker(s): ANH