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American Capital Agency Corp. Message Board

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  • stoth47 stoth47 Nov 16, 2012 11:26 AM Flag

    AGNC - buy, hold, or sell

    If you are into technical analysis, go out to a daily line chart of AGNC, put in a six month timeframe. look at the developing pattern. It's exactly half of an inverted head and shoulders. So, IF AGNC breaks up above it's negative trend line at approx 31.80, and IF it forms the other shoulder at the resistance neckline of approx. 33, there is a POSSIBILITY of 37+. So, conservatively,I would take profits at 31.80-32, buy back in on the pullback; take profits at the 33 H&S neckline, buy back in after settlement and ride it up until the price breaks over on a reaction to the H&S pattern IF it develops. All this is a big IF and is making the assumption that AGNC has bottomed, Gary kain will keep the bottom with the buyback program, and the herd feels positive about AGNC - but it's something to look for. Just my two cents....

19.52-0.26(-1.31%)Sep 28 4:00 PMEDT