American Capital Agency (AGNC) : Traders are bullish on American Capital Agency (AGNC) as it has outperformed the S&P 500 by a wide margin of 0.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.53% in the last 1 week, and is up 3.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Capital Agency (NASDAQ:AGNC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.78 and $19.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.89, notching a gain of 0.56% for the day. The total traded volume was 2,072,580 . The stock had closed at $19.78 on the previous day.
The stock has recorded a 20-day Moving Average of 2.84% and the 50-Day Moving Average is 4.5%. American Capital Agency Corp. is up 8.91% in the last 3-month period. Year-to-Date the stock performance stands at 23.78%.
American Capital Agency (AGNC) : The highest short term price target forecast on American Capital Agency (AGNC) is $22 and the lowest target price is $20. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $20.94 with a standard deviation of $1.02.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The Companys income comes primarily from its investments in agency mortgage-backed securities (agency MBS). The Companys investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). It also invests in agency debenture securities issued by Freddie Mac, Fannie Mae or the Federal Home Loan Bank and in other agency securities. The Company is externally managed by American Capital AGNC Management, LLC, an affiliate of American Capital, Ltd.