TWO - It's Ready, Soon!Providing update from prior with today's metrics. Looks excellent for a new pump.
TWO trade ideas
TWO - It's ReadyTWO looks clear for a quick recovery. Chart depicts a long recovery. With the recent market, this is ready for a turn. Quick run to 6.53, followed by an easy hit to 6.77, and a large run to 7.42. This is a great yielding dividend stock to hold long. Contracts are great here.
Always open to discuss. Cheers.
TWO Bullish1. TWO is still respecting the trend line. It also broke the rectangle up wards with green bullish candles.
2. MA 20 served as a support level.
3. MACD turning bullish.
4. RSI has room to run.
Stock has some room to go up with minimal resistance in the way.
1st target at nearest highest high; 2nd target is below fib retracement and below MA 200.
REM (index that includes TWO) is also bullish.
TWO: Ascending TriangleAscending Triangle
Descending volumes.
May move up to 200MA before reversing back South again.
PPS above 50MA
Cons:
Descending ATR = lower volatility
250RSI below 50 = bearish
PPS below 200MA = Bearish
If Confirmed:
Target = 10.84 $
This stock has nice chatter going on from ZacksWatching to stay above the 20MA.. this may have a pop Monday morning. Ill keep an eye on it and buy in if tomorrows close is above the 20MA.
Pretty nice setup, but needs to stay above 20 MA.If tomorrow closes or looks like its going to close over the 20 MA, Im in. Something to keep an eye on as it may pop in the morning.
hedge fund ownership is relatively high and climbing.
TWO BullishTWO was in a triangle, and Bulls won the fight.
There is a spike in volume if you look at the 1HR chart. This tells me there is some buyers stepping in.
first target is 6.11; second is a bit below the fib line.
stop loss at 4.84; inside triangle; below MA 20 and below the previous low.
TWO - Undervalued REITBook value is $6.50+. Current value is 4.74. They have sold non agency debt and have kept government backed securities. According to the CEO, they have very good cash flow at the moment as opposed to other REITS that have ran up a lot. Only reason why I think this REIT has not ran up a lot, is because the the outstanding shares are more than IVR or MITT (those move quickly very fast, but fundamentals are not as good as TWO). I do have a long position in this at about 5k+ shares. Once dividend returns we are looking at about .2 -.4 a share, which is pretty good.
Disclaimer: I am not a financial advisor. Make sure to do your own due diligence before buying this stock. I am only providing my opinion.
Two Harbors Investment Corp. continues higher Two Harbors Investment Corp. is a real estate investment trust, which focuses on investing in, financing, and managing agency residential mortgage-backed securities, non-Agency securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in New York, NY.
$TWO bullish inverted H&S on the daily chart #stocks #trading$TWO daily chart has formed an inverted H&S pattern as a result of a false breakout in late SEP, followed by a correction that found support at what is now the shoulders level
MACD just turned positive , RSI already in expansion area now sitting above 50
Look to participate on a close above the neckline that is now around 13.46
Measured target is around 14.43
$TWO - REIT getting slammed with Rate Hikes / Bearish Bearish below $15
Looking to short it if it breaks support zone.
Good Dividends but unsure if it's worth buying at support level.
Swing Idea:
1. Short below $15 / Cover over $15.50
OR
2. Buy at support level and write a cover call when it gets to resistance level
I think it will fall more as the fed rate hikes will impact all the REIT.
I will monitor next week to see watch the daily chart. Only issue I have with TWO is they had a reverse split and have not been doing well. If it continues to fall in price, I think another reverse split will happen. Which is why I am bearish.
If you're an expert with REITS - please comment and advise with your thoughts on it. Thanks!
TWO is a good REIT to considerI like this name because of its massive dividend yield. This isn't uncommon in REITs, but TWO carries one of the larger yields in the industry. Their financial statements are healthy and the primary risk here is the state of interest rates in the US. My harmonic analysis shows two sin waves: a red and a pink. The red represents a macro trend wave and until the FED raised rates incessantly in 2018 this curve fit well to the price action. However, we can see that the trend was disobeyed mid to late 2018, something I attribute almost entirely to the interest rate risk every investor was fretting about at the time. REITs were hit hard during this period. The pink wave represents a mico-trend and still fits very well with the price action. Rates have cooled significantly since their 2018 highs, and so I believe this ticker has room to the upside. This is a long term play, so if you don't intend to store this capital for 3+ years then avoid this name as the volatility for day trading and options plays is relatively non-existent. However, with a 10+ year horizon one can capture an outstanding dividend yield while adding to positions at the troughs of the sinusoidal pattern. Doing this successfully will likely bolster dividend yields with capital gains.
The primary risk here is that US interest rates are still near historic lows. Unless the FED sees need to continue quantitative easing the path of least resistance is up. This bodes ill for REITs and could invalidate the $5 trading range I've highlighted. Until then, however, I see no reason why this name would deviate from its historic price pattern.
As always, scale in near the lows.
TWO is currently in descending channelTWO is in a short term descending channel. Makes it a good watch for a day trade
NYSE:TWO
