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

Core Viewpoint - Annaly Capital Management (NLY) has reached a significant support level and shows potential for investors from a technical perspective, particularly after breaking through the 200-day moving average, indicating a long-term bullish trend [1]. Technical Analysis - The 200-day simple moving average is a useful tool for determining long-term market trends and serves as a support or resistance level [2]. - NLY has experienced an 11% rally over the past four weeks, and currently holds a Zacks Rank 2 (Buy), suggesting it may be poised for further upward movement [2]. Earnings Estimates - The bullish outlook for NLY is reinforced by positive earnings estimate revisions, with no estimates decreasing in the past two months and three estimates increasing, alongside a rise in the consensus estimate [3]. - Investors are encouraged to consider adding NLY to their watchlist due to the important technical indicators and favorable earnings estimate revisions [3].