TMCnet News
Invesco Mortgage Capital (IVR): Downgraded by JMP SecuritiesDec 09, 2011 (SmarTrend(R) Spotlight via COMTEX) -- Invesco Mortgage Capital (NYSE:IVR) downgraded to Market Perform from Outperform at JMP Securities. The stock closed yesterday at $15.74 on volume of 2,174,563 shares, above the average daily volume of 1,923,729. In the past 52-weeks, shares of Invesco Mortgage Capital have traded between a low of $12.55 and a high of $24.07 and are now at $15.74, which is 25.4% above that low price. Invesco Mortgage Capital is currently above its 50-day moving average (MA) of $14.97 and should find resistance at its 200-day MA of $19.25. In the last five trading sessions, the 50-day MA has climbed 0.69% while the 200-day MA has slid 0.72%. 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. 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 |
