koenjan

NLY Surprises -1338% on Earnings

Short
NYSE:NLY   Annaly Capital Management Inc
NLY in nature has been a fantastic investment but has suffered dramatic losses in several key operations. Technically, NLY currently sitting at the top of the range just having bounced again off of the 6.74 resistance. RSI at a local high suggesting short, but ADX in favour of long position.

Two TP points, Fib retracement suggests 4.66, but may come down to 3.83 based on near-bottom support lines. Depends on your risk assessment.
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