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Technical Analysis
- 10/29/2009 8:37:24 AM
By Chip Brian, SmarTrend Analytics Team
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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