American Capital Agency Corp. (AGNC)
Click to Enlarge American Capital Agency Corp. (AGNC) is a popular, highly liquid mREIT that’s touted frequently in the media by investing experts and gives off an 11.66% yield with the dividend paid quarterly. After taking a hit in the summer of 2013, but the charts could be signaling a rebound for AGNC. Early April saw several bullish signals for AGNC on the short-, intermediate- and long-term charts.
- April 7: A short-term bullish Williams Percent Range (often written as %R) momentum indicator presented a bullish entry for AGNC.
- April 7: AGNC’s price crossed the 50-day moving average.
- April 4: A bullish Inside Bar Pattern was identified on AGNC’s chart. An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. A bullish Inside Bar tells traders that the balance between buyers and sellers, recently dominated by the bears, is smoothing out. We may see higher prices ahead. This suggests increasing power for the bulls.
- April 4: AGNC’s price crossed the 200-day moving average