TMCnet News
Upgrade Alert for Invesco Mortgage Capital (IVR)Nov 16, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Invesco Mortgage Capital (NYSE:IVR) was upgraded from Market Perform to Outperform at Wells Fargo today. The stock closed yesterday at $18.75 on volume of 3.2 million shares, above average daily volume of 2.2 million. Invesco Mortgage Capital invests in mortgage-backed securities for which a United States government agency guarantees payments of principal and interest. The Company also invests in non-agency residential mortgage-backed securities, commercial mortgage-backed securities, and residential and commercial loans. Over the past year, Invesco Mortgage Capital has traded in a range of $13.81 to $21.64 and closed yesterday at $18.75, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.6%. Invesco Mortgage Capital (NYSE:IVR) is currently priced 2.4% above its average consensus analyst price target of $18.30. Invesco Mortgage Capital shares should encounter resistance at the 50-day moving average (MA) of $20.75 and support at its 200-day MA of $18.56. SmarTrend is monitoring the recent change of momentum in Invesco Mortgage Capital. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Invesco Mortgage Capital in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |