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Upgrade Alert for American Capital Agency (AGNC)

By Shiri Gupta

American Capital Agency (NASDAQ:AGNC) was upgraded from Hold to Buy at Wunderlich today. The stock closed yesterday at $19.17 on volume of 7.7 million shares, above 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 $19.17 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 0.12% higher over the past week, respectively.

Potential upside of 7.4% exists for American Capital Agency, based on a current level of $19.17 and analysts' average consensus price target of $20.59. The stock should find initial support at its 50-day moving average (MA) of $18.48 and further support at its 200-day MA of $18.37.

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.

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 5.4%. 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