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Recent 52-Week Low Surpassed in Shares of Mfa Financial (MFA)

By Nick Russo

Shares of Mfa Financial (NYSE:MFA) traded today at $6.00, breaking its 52-week low. This new low was reached on below average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.

In the past 52 weeks, shares of Mfa Financial have traded between the current low of $6.00 and a high of $8.09 and are now at $6.22. The 200-day and 50-day moving averages have moved 0.03% lower and 0.6% lower over the past week, respectively.

There is potential upside of 21.4% for shares of Mfa Financial based on a current price of $6.22 and an average consensus analyst price target of $7.55. The stock should run into initial resistance at its 200-day moving average (MA) of $7.48 and subsequent resistance at its 50-day MA of $7.70.

MFA Financial, Inc. operates as a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential mortgage-backed securities and residential whole loans.

SmarTrend is tracking the current trend status for Mfa Financial and will alert subscribers who have MFA in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows mfa financial

Ticker(s): MFA