We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Arbor Realty Trust (ABR) Just Overtook the 20-Day Moving Average
Read MoreHide Full Article
Arbor Realty Trust (ABR - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ABR crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
Shares of ABR have been moving higher over the past four weeks, up 12.7%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that ABR could be poised for a continued surge.
The bullish case solidifies once investors consider ABR'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.
Investors may want to watch ABR for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Arbor Realty Trust (ABR) Just Overtook the 20-Day Moving Average
Arbor Realty Trust (ABR - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ABR crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
Shares of ABR have been moving higher over the past four weeks, up 12.7%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that ABR could be poised for a continued surge.
The bullish case solidifies once investors consider ABR'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.
Investors may want to watch ABR for more gains in the near future given the company's key technical level and positive earnings estimate revisions.