AGOSE97

$NLY long term dividend play!

Long
NYSE:NLY   ANNALY CAPITAL MANAGEMENT INC
NLY - Annaly Capital

This is one of my long term dividend holdings that I picked up today (600 shares). It pays a 10% dividend on a mostly flat chart (9.70-10.00). I like the move back above the 200 daily moving average (red line).

My entry of 600 shares was at $10.47 today, February 12th, 2019. More info at wingtrades.com

Comments

Not looking good for NLY. Do you see long term support holding at $8.20? I heard they were cutting their dividend. If this market turns bear I see NLY getting crushed.
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Logzor Logzor
@Logzor, I forgot to add, what was your logic for purchasing at $10.47? I'm relatively new to TA but it looks like price was increasing while the MACD histogram was weakening, a bearish divergence.
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