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Tale of the Tape

Zacks Equity Research

Moving Average Crossover Alert: New York Mortgage Trust, Inc. (NYMT)
August 23, 2013

NYMT

Trades from $3

New York Mortgage Trust, Inc. (NYMT - Free Report) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for NYMT broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 8.2% in the past four weeks. Plus, the company currently has a Zacks Rank #5 (Strong Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

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NEW YORK MTG TR (NYMT) - FREE report >>