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Downgrade Alert for Two Harbors Investment Corp (TWO)

By James Quinn

Two Harbors Investment Corp (AMEX:TWO) was downgraded from Outperform to Market Perform at FBR Capital today. The stock closed yesterday at $9.06 on volume of 2.2 million shares, below average daily volume of 2.7 million.

Over the past year, Two Harbors Investment Corp has traded in a range of $6.91 to $11.00 and closed yesterday at $9.07, 31% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.2%.

Two Harbors Investment Corporation is a real estate investment trust (REIT). The Company focuses on investing in, financing and managing residential mortgage-backed securities, or RMBS, and related investments.

There is potential upside of 10.3% for shares of Two Harbors Investment Corp based on a current price of $9.07 and an average consensus analyst price target of $10.00. The stock should discover initial support at its 200-day moving average (MA) of $8.47 and subsequent support at its 50-day MA of $7.83.

SmarTrend recommended that subscribers consider buying shares of Two Harbors Investment Corp on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.95. Since that recommendation, shares of Two Harbors Investment Corp have risen 13.8%. We continue to monitor TWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades amex:two two harbors investment corp

Ticker(s): TWO