RedHotStocks

Some runway left for Orchid Isl Capital

Long
NYSE:ORC   Orchid Island Capital, Inc.
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 pass-through Agency RMBS and structured Agency RMBS. The pass-through Agency RMBS invest in pass-through securities, which are securities secured by residential real property. The structured Agency RMBS involves collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities. The company was founded on August 17, 2010 and is headquartered in Vero Beach, FL.

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