Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized...
looking at ORC I can see it is on a bearish EW currently entry point should be around 4.10 to 4.00 dollars and ride the wave toward wave 4.. which will place ORC around 8 dollars a share. I do feel like we can expect lower prices and the upcoming year/s per se. the dividends sit at 16% which is amazing and ORC has been paying even during COVID lock downs...
Trendline break Entry 5.0 Stop 4.8 Target 5.8 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost.
ORC - 2/6 - 2-11 NYSE:ORC I jump in again on this stock. but I am going to buy more at soon it reach between 6.03 or near during downtrend before it begin the uptrend. Great opportunity!!! EMA (50) getting ready to cross and moving closer to EMA (200) to continue a bullish trend.
NYSE:ORC TP - $6.40 (selling half of my stock, continue the journey with my other 50% stock ) MA(50) getting ready to cross and moving closer to EMA(200) to continue a bullish.
At current prices ($5.83), ORC yields a ~16.5% dividend. ORC is creating a nice wedge pattern and seems to be seeking a bottom. Would you buy or sell at these prices?
Entry level $6.00 = Target price $6.35 = Stop loss $5.92 Very high yield Bullish reversal underway, but risky trade as indicators are overbought. Company profile Orchid Island Capital, Inc. is a finance company, which engages in the investment in residential mortgage-backed securities (RMBS). Its portfolio consists of the following Agency RMBS: traditional...