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Answorth Mortgage Assets is lagging the market

|Includes: Anworth Mortgage Asset Corporation (ANH)

This morning I eliminated Answorth Mortgage Assets (NYSE:ANH) from the Barchart Van Meerten Speculative portfolio.  Lately the stock hasn't been performing properly and is lagging the market. 

Points I considered:

  • Price loss of 9.31% in the last month - always try to cut looses on positions
  • Barchart technical sell signals on both the short term and Trend Spotter (tm)
  • Trading below 20 and 50 day moving averages
  • Relative Strength Index is only 39.52% and falling

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.



Disclosure: No position at the time of publication