Keeping An Eye On Mortgage REITs
Mortgage REITs have had a good run, but the sector will be scrutinized in the changing interest rate environment. One that is reputedly "well-managed" is Annaly Mortgage Mangement, Inc. (NLY). If you check this chart you can see that the companys' stock just broke through its 200 day moving average.
Update: Thanks to Ms. Penelope for pointing out that NLY moved back above the 200 DMA last week. A better chart is available in the comments to this post.