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Technical Analysis
Hatteras Financial (HTS) Upgrade Alert, Watch for 9.9% Technical Downtrend Reversal - 10/29/2009 8:37:24 AM

Hatteras Financial (NYSE:HTS) upgraded to Outperform from Market Perform, $30 target, at Keefe Bruyette. The stock closed yesterday at $27.36 on volume of 1,171,800 shares, above average daily volume of 718,196.

Hatteras Financial is currently below its 50-day moving average of $29.80 and should find support at its 200-day moving average of $26.54.

SmarTrend is bearish on shares of HTS and our subscribers received a Downtrend alert on September 30, 2009 at $30.38, which has returned 9.9% to date.


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