Today's Technical View on Annaly Capital, Chimera Investment, MFA Financial, and Redwood Trust PR Newswire LONDON, March 5, 2013 LONDON, March 5, 2013 /PRNewswire/ -- The Federal Reserve last year implemented a third round of quantitative easing. Under QE3, the Fed is buying $40 billion in mortgage backed securities every month. The Fed plans to continue with its aggressive bond buying program until there is a sustained recovery in the labor market. QE3 has helped in bringing down mortgage rates to record low levels and while this is good for the economy, it is having a negative impact on mortgage REITs such as Annaly Capital Management Inc. (NYSE: NLY), Chimera Investment Corporation (NYSE: CIM), MFA Financial Inc. (NYSE: MFA) and Redwood Trust Inc. (NYSE: RWT). On Monday, shares of all four REITs ended in green territory, tracking gains in the broad market. StockCall initiated free in-depth technical analysis on NLY, CIM, MFA, and RWT which are currently available upon sign up at http://www.stockcall.com/research Shares of Annaly Capital Management Inc. rose sharply in Monday's trading session, ending the day 1.11% higher at $15.43 on volume of 6.40 million. Annaly Capital currently has a dividend yield of 11.67%. The REIT has gained nearly 10% this year, compared to a gain of almost 7% for the S&P 500. The stock has just moved above its 200-day moving average, which is a bullish signal. The bullish trend is further confirmed by the MACD chart. Sign up for the free technical analysis on NLY at http://www.StockCall.com/NLY030513.pdf Shares of Chimera Investment Corporation also edged higher in Monday's trading session. The stock closed 0.65% higher at $3.08 on above average volume of 13.23 million. The company's shares have had an excellent run so far this year. Year-to-date, the stock has gained more than 18%, easily outperforming the broad market. The stock is currently trading around its 52-week high of $3.13. Chimera Investment's shares are facing resistance at around $3.10 currently. Recent volume activity and MACD chart suggest that market sentiment is currently bullish on the stock. It currently has a dividend yield of 11.69%. Download the free report on CIM by registering at http://www.StockCall.com/CIM030513.pdf MFA Financial Inc. shares edged higher in Monday's trading session; however, the gains were limited. The stock closed 0.68% higher at $8.94 on above average volume of 5.58 million. The company's shares have outperformed the broad market this year, gaining more than 10%. The REIT currently has a dividend yield of 8.95% and is trading close to its 52-week high of $9.24. The company has been facing resistance at around $9. The stock currently has strong support at around $8.97. Recent volume activity suggests that market sentiment has turned bullish on the stock. The free report on MFA can be downloaded by signing up now at http://www.StockCall.com/MFA030513.pdf Shares of Redwood Trust Inc. also edged higher in yesterday's trading session. The stock closed 0.53% higher at $20.94 on above average volume of 1.80 million. On Monday, Redwood Trust's shares rose to a 52-week high of $21.41. Year-to-date, the stock has now gained nearly 24%. The company currently has a dividend yield of 5.35%. It has seen a series of higher highs since the start of this year, which is a bullish signal. The bullish trend is further confirmed by the MACD chart. The stock's MACD has just crossed above the signal line. Free report on RWT can be accessed by registering at http://www.StockCall.com/RWT030513.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)
Today's Technical View on Annaly Capital, Chimera Investment, MFA Financial, and Redwood Trust
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