Annaly Capital Management (NLY) Just Overtook the 200-Day Moving Average

Annaly Capital Management (NLY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NLY broke through the 200-day moving average, which suggests a long-term bullish trend.A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a supp ...