So historically looking at this stock you can tell the trend. Dividend ex date > SPO > cover the gap and falls, so at this point looking at the chart we just covered with a doji and we get ready to make some money off the sell off. Historically looking back last year it dropped around 7%. I did some math and came up to 27.90.
It's a good idea to have an order in for AGNC at a very low price. Sometimes there are "flash crashes" where one is able to pick up ridiculously low priced shares. Do not be disappointed if your order never fills though. I have my order in for 28.50 and I do not think it will fill. AGNC it seems,imo, to have reached a higher plane, making last years model passe.
I think that a' $29.11 is more important support than the 29.34 Then there is 38.2% Fibonacci that is sitting at 28.91 or so, and matches bunch of resistance/support points. I think this one is the key one, and would be my pivot point in a swing trade.
Fundamentals are useless on deaf ears. Techs will get everyone's attention. ;)
With that said if we close below $29.34 today there will be a crash tomorrow with all the tech sites calling for a sell and all the short sites upgrading this stock to naked short.
@The guy that said 32 dollars before a fall: You probably could not be more wrong. the stock has no room for growth. The idea behind the spo is that the operation can get bigger, not that the stock has more equity. Maybe a 32 run up to the next ex date, sure.
@The two gentlemen talking about last quarter. You should not speculate. Look at all the facts before investing. Looking at the chart from last quarter it looks like if you got in at point before the earnings call was announced you would have made money. I am confused about what you are saying you missed? $0.20 profit on $26?
all i know i spent the first six weeks guessing the spo and missed an incredible run from 28. I wont make that mistake again. If it goes down, it goes down, but we wont see 28 without a massive exogenous event.