Invesco Mortgage Capital (IVR) Crossed Above the 20-Day Moving Average: What That Means for Investors

IVR has rallied 6.9% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests IVR could be on the verge of another move higher. The bullish case solidifies once investors consider IVR's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too. Given this move in earnings estimate revisions and the positive technical factor, invest ...