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Look for Shares of Mfa Financial to Potentially Rebound after Yesterday's 1.33% Sell Off

By James Quinn

Mfa Financial (NYSE:MFA) traded in a range yesterday that spanned from a low of $5.86 to a high of $6.43. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $6.00 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Mfa Financialhas traded in a range of $5.86 to $8.09 and are now at $5.94. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has remained constant.

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: rebounders mfa financial

Ticker(s): MFA