Should You Buy Ellington Residential Mortgage REIT (EARN) Stock on Thursday?

The market has been high on Ellington Residential Mortgage REIT (EARN) stock recently. EARN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Ellington Residential Mortgage REIT has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EARN!

See Full EARN Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With EARN Stock Today?

Ellington Residential Mortgage REIT (EARN) stock is trading at $8.67 as of 2:05 PM on Thursday, Aug 11, a gain of $0.01, or 0.12% from the previous closing price of $8.66. Volume today is 100,211 compared to average volume of 84,947. The stock has traded between $8.54 and $8.73 so far today. To screen for more stocks like Ellington Residential Mortgage REIT click here.

More About Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them. Click Here to get the full Stock Report for Ellington Residential Mortgage REIT stock.