Invesco Mortgage Capital (IVR) Crossed Above the 200-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. Once investors consider IVR's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, and the consensus estimate has increased as well. Investors may want to watch IVR for more gains in the near future given the comp ...