IVR - Do OR DieThe future of this REIT depends on how it does next week. Will it follow the topping patter of SPY, or will it have its own path? I have no clue. I am bullish long term, but headwinds can come with earnings (May 7).
IVR trade ideas
$IVR technical analysisJust doing a quick look at $IVR,
Looks like a huge bear flag with bearish divergence in play, on both daily and 4 hour time frame.
I would only buy if it closes above red resistance line on price triangle, or blue .50 fib line.
IVR "LONG"IVR has been heavily oversold, down 80%+ from its all time high.
This is an inverted chart, looks like a head and shoulders formation.. the sun will hopefully burn all shorters :)
I bought calls, Good Luck!
$IVR - BEST BOUNCE FEW DAYS AGONo reason to short was running up slowly and steady then shorted at open then bounced.
Invesco Mortgage Capital, up pre-marketInvesco Mortgage Capital, Inc. is a holding company, which engages in investing, financing and managing residential and commercial mortgage-backed securities and mortgage loans. The firm primarily invests in the following: residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), non-agency RMBS, non-agency CMBS, credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises, residential and commercial mortgage loans, and other real estate-related financing arrangements. The company was founded on June 5, 2008 and is headquartered in Atlanta, GA.
