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Chimera Investment Corporation (CIM) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Real Estate Investment Trusts
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneBearish EngulfingThu, 21 Sep 20170.78%
***Stock database and scans are updated around midnight (New York time) every trading day.
19.47 0.00 (0%) Sep 22 4:00pm EDT
Open: 19.40 Range: 19.35 - 19.51 Vol: 1.28M Avg Vol: 1.07M
EPS: 3.48 P/E ratio: 5.60 EBITDA: 0.00 Mkt Cap: 3.66B
Analyze "CIM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 19.34
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 19.07
Last Trade is above the 50 day moving average at 18.92
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 18.78
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CIM

Stock Trend Analysis - Buy, Sell or Hold "Chimera Investment Corporation" (CIM)?

CIM is in a very strong uptrend. In the last 52 weeks, CIM has been trading above the 200 day moving average for 100% of the time with an average daily volume of 1.1M shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. CIM's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. Barring some weakness in the 50 SMA, the 20 day moving average is however bucking the medium term trend as price has been trading above the 20 SMA for 100% of time for the last two months.Objectively, CIM's primary trend is still up meaning the higher probability strategy is to still buy dips. Timing and the buy-in price are very critical at this juncture in order to secure profits. Traders who are thinking of going long CIM shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 18.92 and 18.78 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CIM".

The analyst consensus estimates for the 1 year price target for this stock is $18.88* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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