Invesco Mortgage Capital (IVR) Crossed Above the 200-Day Moving Average: What That Means for Investors
IVRInvesco Mortgage Capital (IVR) zacks.com·2024-05-27 22:31

Invesco Mortgage Capital (IVR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, IVR crossed above the 200-day moving average, suggesting a long-term bullish trend.A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a su ...