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Watch for Mfa Financial to Potentially Rebound After Falling 6.35% Yesterday

By Nick Russo

Mfa Financial (NYSE:MFA) traded in a range yesterday that spanned from a low of $1.00 to a high of $1.29. Yesterday, the shares fell 6.4%, which took the trading range below the 3-day low of $1.26 on volume of 26.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Mfa Financial share prices have been bracketed by a low of $0.32 and a high of $8.09 and are now at $1.03, 222% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 7.9%.

Keywords: rebounders mfa financial

Ticker(s): MFA