Wednesday, September 1, 2010

NLY Watch

The on-again off-again bull signal on Annaly Capital Management Inc. (NLY) is on-again with a strong push above the 20-day moving average. I wrote about the stock twice on Tuesday, in the morning and in the afternoon laying out the case for a bull position, and that analysis remains valid.

trendadxpsarppsmacdmacd
trend
stosto
zone
NLY $17.54


The macd also tipped into bull territory this morning, adding extra weight to the move.

NLY, a real estate investment trust, has an annual yield of 15.5% and has staged a nice recovery from the real-estate crash that was followed by the current recession.

On the Person's chart with weekly pivots, today's 0.9% rise carried the price to midway between the midline and the upper pivot.

Person's Table
ppspps openupper pivotlower pivot
NLY $17.54 $17.49 sep1 $17.78 +1.4% $16.67 -5.0%

Reversal Levels
  • $17.78, +1.4% (swing high)
  • $17.54 <== You are here.
  • $17.53, -0.1% (200-day ma)
  • $17.41, -0.4 %(20-day ma)
  • $16.73, -4.6% (swing low)
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
Abbreviations:
  • psar - Parabolic Stop and Reverse
  • adx - Average Directional Index
  • pps - Person's Proprietary Signal
  • ma20 - 20-day moving average
  • macd - Moving Average Convergence-Divergence
  • sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.
  • sto zone: green for bull phase, red for bear phase.

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