Based on the P/E, AGNC is kind of undervalued. The technical indicator at stoxline website shows a strong buy with the 37.20 target price in six months.
Not to mention, most technical indicators (e.g. Sto, RSI, CCI and MACD) are still showing AGNC is oversold. Only half way up the ladder toward Overbought territory with strong volume the last few days. Looking good!
Only problem I see right now is the possibility of a minor market pullback. It may come back down to fill that large gap up from yesterday.