ORC | A Passive Income Strategy Looking For a Bottom

Long

Orchid Island Capital, Inc. (NYSE:ORC)

NYSE:ORC Orchid Island Capital, Inc.

Elliott Wave ORC

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?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.