Daily Stock Setups

Annaly Capital (NLY) Downgrade Alert, Watch for 28.4% Technical Uptrend Reversal

Posted on: Tue, 29 Sep 2009 10:41:00 EDT

Symbols: NLY

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Sep 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --
NLY | Quote | Chart | News | PowerRating -- Annaly Capital (NYSE:NLY) downgraded to Neutral from Buy at BofA/Merrill. The stock closed yesterday at $19.67 on volume of 13,523,500 shares, above average daily volume of 11,336,289.

Annaly Capital Management is currently above its 50-day moving average of $17.38 and above its 200-day moving average of $15.31.

SmarTrend is bullish on shares of NLY and our subscribers received an Uptrend alert on June 19, 2009 at $15.32, which has returned 28.4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Annaly Cap Mgmt Inc (NLY) NLY. Annaly Cap Mgmt Inc (NLY) has Short Term PowerRatings at TradingMarkets. Details on Annaly Cap Mgmt Inc (NLY) Short Term PowerRatings is available at This Link.

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