Invesco Mortgage Capital (IVR) Just Overtook the 50-Day Moving Average
Invesco Mortgage Capital (IVR) zacks.com·2024-05-27 22:31
From a technical perspective, Invesco Mortgage Capital (IVR) is looking like an interesting pick, as it just reached a key level of support. IVR recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend. ...