Bearish Moving Average Cross by Walter Investment Management (WAC)

Published on Thu, 02/26/2015 - 12:38
By Mallory Stone in Moving average crossovers, WAC, amex:wac, moving crosses, walter investment management

Walter Investment Management (AMEX:WAC) shares have crossed bearishly below their 10-day moving average of $21.10 on a volume of 485K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Walter Investment Management (AMEX:WAC) is currently priced 0.0% above its average consensus analyst price target of $20.00. Walter Investment Management shares should encounter resistance at the 200-day moving average (MA) of $22.86 and support at the 50-day MA of $17.39.

Over the past year, Walter Investment Management has traded in a range of $14.16 to $31.02 and is now at $20.00, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.4%.

Walter Investment Management Corporation is a mortgage real estate investment trust. The Company is focused on the purchase and securitization of single family mortgage loan pools and subordinate mortgage-backed securities purchased in bulk directly from financial institutions.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Wolverine World Wide Looks to Continue t...

Wolverine World Wide (NYSE:WWW) traded today at a new 52-week high of $32.42. Approxim ...

Recent 52-Week Low Surpassed in Shares o...

Windstream (NASDAQ:WIN) traded at a new 52-week low today of $7.36. So far today appro ...

Verint Systems: The Winning Streak Conti...

Shares of Verint Systems (NASDAQ:VRNT) traded today at $63.48, breaking its 52-week hig ...

Watch for Continued Losses in Shares of ...

Shares of Vivo Participacoes (NYSE:VIV) traded today at $14.66, breaking its 52-week lo ...

Shares of Vascular Solutions Have Risen ...

Vascular Solutions (NASDAQ:VASC) traded at a new 52-week high today of $31.35. Approxi ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded at a new 52-week low today of $8.77. T ...

Tim Participacoes: The Losing Streak Con...

Shares of Tim Participacoes (NYSE:TSU) traded today at $16.29, breaking its 52-week low ...

Tidewater: The Losing Streak Continues (...

Tidewater (NYSE:TDW) traded today at a new 52-week low of $19.75. So far today approxi ...