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

Western Union Looks to Continue to Trade...

Shares of Western Union (NYSE:WU) traded at a new 52-week high today of $19.89. Approx ...

Shares of Weight Watchers Have Fallen Be...

Shares of Weight Watchers (NYSE:WTW) traded today at $10.80, breaking its 52-week low. ...

Shares of West Pharmaceutical Services R...

West Pharmaceutical Services (NYSE:WST) traded today at a new 52-week high of $55.50. ...

Watsco Looks to Continue to Trade Above ...

Watsco (NYSE:WSO) traded at a new 52-week high today of $120.95. This new high was rea ...

Watch for Continued Gains in Shares of V...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $54.49. So far today ap ...

Shares of Wabash National Rise Above Pre...

Shares of Wabash National (NYSE:WNC) traded at a new 52-week high today of $14.96. So ...

WMS Industries: 52-Week High Recently Ec...

Shares of WMS Industries (NYSE:WMS) traded at a new 52-week high today of $27.48. So f ...

Webster Financial: 52-Week High Recently...

Shares of Webster Financial (NYSE:WBS) traded at a new 52-week high today of $35.70. T ...