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SmarTrend Watching for Potential Pullback in Shares of Mfa Financial After 24.53% Gain

By Nick Russo

Mfa Financial (NYSE:MFA) traded in a range yesterday that spanned from a low of $1.37 to a high of $1.65. Yesterday, the shares gained 24.5%, which took the trading range above the 3-day high of $1.33 on volume of 42.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mfa Financial share prices have moved between a 52-week high of $8.09 and a 52-week low of $0.32 and are now trading 386% above that low price at $1.56 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.6% while the 200-day MA has slid 1.3%.

SmarTrend is monitoring the recent change of momentum in Mfa Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mfa Financial in search of a potential trend change.

Keywords: rebounders mfa financial

Ticker(s): MFA