Tuesday, February 21, 2012

Annaly Capital Management NLY

Gotta love Annaly Capital Management with their 13% yield.  This is a long term hold of mine and looks ready to make a move.  NLY broke out early February from almost 5 months of consolidation and recently retested this trend line. MACD seems to be bottoming and rsi > 50. I will be looking for it to retest the highs on the weekly chart around 17.30.  If it breaks out this would confirm to me a new uptrend and put away the idea of a double top as seen on the weekly.  Below this I would look to add more, don't want to miss any divys on this one

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