TWO looks clear for a quick recovery. Chart depicts a long recovery. With the recent market, this is ready for a turn. Quick run to 6.53, followed by an easy hit to 6.77, and a large run to 7.42. This is a great yielding dividend stock to hold long. Contracts are great here.
Always open to discuss. Cheers.
1. TWO is still respecting the trend line. It also broke the rectangle up wards with green bullish candles.
2. MA 20 served as a support level.
3. MACD turning bullish.
4. RSI has room to run.
Stock has some room to go up with minimal resistance in the way.
1st target at nearest highest high; 2nd target is below fib retracement and below MA 200.
REM (index that...
If tomorrow closes or looks like its going to close over the 20 MA, Im in. Something to keep an eye on as it may pop in the morning.
hedge fund ownership is relatively high and climbing.
TWO was in a triangle, and Bulls won the fight.
There is a spike in volume if you look at the 1HR chart. This tells me there is some buyers stepping in.
first target is 6.11; second is a bit below the fib line.
stop loss at 4.84; inside triangle; below MA 20 and below the previous low.
Book value is $6.50+. Current value is 4.74. They have sold non agency debt and have kept government backed securities. According to the CEO, they have very good cash flow at the moment as opposed to other REITS that have ran up a lot. Only reason why I think this REIT has not ran up a lot, is because the the outstanding shares are more than IVR or MITT (those...
Two Harbors Investment Corp. is a real estate investment trust, which focuses on investing in, financing, and managing agency residential mortgage-backed securities, non-Agency securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and...
$TWO daily chart has formed an inverted H&S pattern as a result of a false breakout in late SEP, followed by a correction that found support at what is now the shoulders level
MACD just turned positive , RSI already in expansion area now sitting above 50
Look to participate on a close above the neckline that is now around 13.46
Measured target is around 14.43
Bearish below $15
Looking to short it if it breaks support zone.
Good Dividends but unsure if it's worth buying at support level.
Swing Idea:
1. Short below $15 / Cover over $15.50
OR
2. Buy at support level and write a cover call when it gets to resistance level
I think it will fall more as the fed rate hikes will impact all the REIT.
I will monitor...
I like this name because of its massive dividend yield. This isn't uncommon in REITs, but TWO carries one of the larger yields in the industry. Their financial statements are healthy and the primary risk here is the state of interest rates in the US. My harmonic analysis shows two sin waves: a red and a pink. The red represents a macro trend wave and until the FED...
