SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Anworth Mortgage Asset (ANH)
SmarTrend identified a Downtrend for Anworth Mortgage Asset (NYSE: ANH) on October 30, 2009 at $7.21. In approximately 4 months, Anworth Mortgage Asset has returned 6.2% as of today's recent price of $6.76.
Anworth Mortgage Asset is currently below its 50-day moving average of $6.92 and below its 200-day moving average of $7.24. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Anworth Mortgage Asset.
Write to Chip Brian at cbrian@tradethetrend.com
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