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Downgrade Alert for American Capital Agency (AGNC)

By James Quinn

American Capital Agency (NASDAQ:AGNC) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $19.21 on volume of 1.8 million shares, below average daily volume of 2.7 million.

American Capital Agency share prices have moved between a 52-week high of $20.93 and a 52-week low of $15.69 and closed yesterday at 22% above that low price at $19.21 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

American Capital Agency Corporation is a real estate investment trust. The Trust invests exclusively in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.

American Capital Agency has overhead space with shares priced $19.21, or 6.7% below the average consensus analyst price target of $20.59. American Capital Agency shares have support at the 50-day moving average (MA) of $18.48 and additional support at the 200-day MA of $18.37.

SmarTrend recommended that subscribers consider buying shares of American Capital Agency on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.81. Since that recommendation, shares of American Capital Agency have risen 8.1%. We continue to monitor AGNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades american capital agency

Ticker(s): AGNC