Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: Anworth Mortgage Asset Corp

Showing posts with label Anworth Mortgage Asset Corp. Show all posts

Friday, June 13, 2014

Adjustments to the Barchart Van Meerten Speculative portfolio

Today I deleted some positions in the Barchart Van Meerten Speculative portfolio because of negative or lack of positive momentum.

The stock deleted included Gravity Co (GRVY), Glowpoint (GLOW), Anworth Mortgage Assets (ANH), American Realty Investors (ARL), and Alliance Healthcare Services (AIQ):

Gravity Co (GRVY)

Barchart technical indicators:

88% Barchart technical sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
30.93% off its recent high
Relative Strength Index 40.50%

Glowpoint (GLOW)

Barchart technical indicators:

24% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
23.65% off its recent high
Relative Strength Index 49.48%

Anworth Mortgage Assets (ANH)

Barchart technical indicators:

24% Barchart technical sell signals
Trend Spotter sell signal
Below its 20 and 50 day moving averages
10.46% off its recent high
Relative Strength Index 47.70%

American Realty Investors (ARL)

Barchart technical indicators:

64% Barchart technical sell signals
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
43.22% off its recent high
Relative Strength Index 32.58%

Alliance Healthcare Services (AIQ)

Barchart technical indicators:

48% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
18.02% below its recent high
Relative Strength Index 44.54%

Thursday, February 13, 2014

Anworth Mortgage Asset Corp - Barchart's Chart of the Day

Anworth Mortgage Asset Corp (ANH) is the Barchart Chart of the Day. The mortgage based REIT has mixed signals. It has a Trend Spotter buy signal, a Weighted Alpha of 13.12- and lost 19.65% in the last year.

The Chart of the Day is Anworth Mortgage Asset Corp (ANH). I found the stock by sorting the New High List for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/7 the stock gained 14.06%.

ANH was formed to invest in mortgage assets,including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other securities representing interests in, or obligations backed by, pools of mortgage loans which can be readily financed and short-term investments. The Company intends to acquire mortgage assets primarily in the secondary mortgage market through its manager, Anworth Mortgage Advisory Corporation.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

88% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 13.29% in the last month
Relative Strength Index 81.59%
Barchart computes a technical support level at 4.91
Recently traded at 5.63 with a 50 day moving average of 4.45

Fundamental factors:

Market Cap $719.14 million
P/E 8.58
Dividend yield 6.54%
Revenue predicted to decrease by 5.60% this year but increase again by 4.50% next year
Earnings estimated to decrease by 26.50% this year but increase by 5.60% next year and continue to increase by an annual rate of 5.00% for the next 5 years
Wall Street analysts issued 1 strong buy, 1 buy, 5 hold and an under perform recommendation on this stock

Income stocks are doing well at the moment but you should be prepared to exit quickly if the investors start chasing growth stocks again. Closely watch the 50 day moving average for signs of weakness.