Having kept an eye on NLY for about four years, I think this may be a good time to seriously consider owning this security.
Annaly Capital Management, Inc.(NLY), is a real estate investment trust, which owns, manages, and finances a portfolio of investment securities.
•Nice chart pattern.
•Consistent uptrend and rebound from the lows of early March '09.
•Excellent average daily volume of over 8.2 million shares.
•Exceptional dividend yield of 15.2%.
•Forward P/E ratio is at about 7.
Trading this morning at 18.52, I look for a continuation of the uptrend.