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Traders Take Note: Anworth Mortgage Asset Corporation (NYSE:ANH) Stock Drops, Weakness in Technical Momentum

Anworth Mortgage Asset Corporation technical rating as of
(ANH Price of Stock at Publication: $4.89)

Take Note: Anworth Mortgage Asset Corporation (NYSE:ANH) has hit some technical weakness in its momentum, and while it has not broken down all the way through support -- watch the key levels that we discuss below and further, watch the stochastics and technical oscillators for any kind of momentum gaps.

The company has a two bull momentum rating which indicates weakness -- but not a full scale breakdown.
There can be a contrarian urge to enter a new long position as the stock drops, but as of this moment, the stock price is moving lower and may yet weaken further. If a reversal becomes apparent, waiting for that strength in the technicals may be more prudent than jumping in as the stock drops.

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ANH is down -11.7% over the last three months and down -19.8% over the last six months. The stock has returned -11.7% over the last year. The current stock price is $4.89.

ANH Stock Returns
The technical rating goes from a rating of one, the weakest upside technical, to a rating of five, the highest upside technical. This is strictly focusing on price and technical -- that means we focus on real-time stock price movement and then position it relative to the simple moving averages. To make the technical rating meaningful, the moving averages are also compared to each other.

Technicals   |   Support: 4.72   |   Resistance: 4.91   



Death Cross Alert: The 50 day moving average is now below the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move below the longer-term ones, momentum is weakening. We have that right now.

Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.
Recall that when we see the shortest-term moving average (10-day in this case) fall below any other moving average (50-day in this case), it indicates weakening momentum.

Anworth Mortgage Asset Corporation has a two bull (momentum weakness) technical rating because, while it's trading above its 10 day moving average, its trading below both the 50- and 200 day simple moving averages.




We now turn to the actual numbers driving this rating:
Anworth Mortgage Asset Corporation (NYSE:ANH) rating statistics:
10-day moving average: $4.83
50-day moving average: $4.93
200-day moving average: $5.67