After moving my Mortgage30US indicator to the right side scale option visualization became clearer on the charts. The purple dotted support line, color-matched with the indicator's color, has been added to display our new perspective. Our game plan remains the same despite the minor adjustment. For we believe firmly in fundamentals driving a stock's price action.
Armour Residential Realty is a mortgage-backed security. The company lends loans to homebuyers and profits off the interest for lending the loan. With a steady dividend over the years and monthly payouts, the stock makes great for an addition to a REIT portfolio. With a tangible book value per share of $10 and performing poorly in price activity in recent quarters...
Armour Realty Residential is a mortgage-backed security. The company itself sells mortgages and charges interest payments for the mortgage loans in Vero Beach, Florida. The company sports a dividend of .10 per share on a monthly payout basis. My TA shows it is currently sitting at one of its lowest points triggering a buy from me.
NYSE:ARR
Possible Scenario: LONG
Evidence: Price Action
TP1~ 14.5
TP2~ 19
11$ is strong support, it consolidated at this level for a long time
It looks break-out happened, 40% profit potential.
This is my idea and could be wrong 100%,
If price breaks the 38.2 Fib level which is also a trendline break, the next level of resistance is at 16.08 with a potential pause at the 61.8 Fib level. This is also a good ETF to own because the dividend is yield is 11.59%.
ARR bought out JMI today. This REIT already has a nice Dividend of around 20%. Even if they cut the dividend I think it has room to go up more. I am looking for a price target of around $22.00 Thoughts?
