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Annaly Capital M Falls 2.16% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Annaly Capital M (NYSE:NLY) traded in a range yesterday that spanned from a low of $5.87 to a high of $6.09. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $6.05 on volume of 5.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Annaly Capital M share prices have moved between a 52-week high of $10.50 and a 52-week low of $3.51 and are now trading 68% above that low price at $5.90 per share. The 200-day and 50-day moving averages have moved 0.58% lower and 2.95% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Annaly Capital M and will alert subscribers who have NLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders annaly capital m

Ticker(s): NLY