Just doing a quick look at $IVR, Looks like a huge bear flag with bearish divergence in play, on both daily and 4 hour time frame. I would only buy if it closes above red resistance line on price triangle, or blue .50 fib line.
IVR has been heavily oversold, down 80%+ from its all time high. This is an inverted chart, looks like a head and shoulders formation.. the sun will hopefully burn all shorters :) I bought calls, Good Luck!
No reason to short was running up slowly and steady then shorted at open then bounced.
Invesco Mortgage Capital, Inc. is a holding company, which engages in investing, financing and managing residential and commercial mortgage-backed securities and mortgage loans. The firm primarily invests in the following: residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), non-agency RMBS, non-agency CMBS, credit risk...