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Moving Average Crossover Alert: Ellington Financial LLC (EFC) - Tale of the Tape

Posted: 8/27/2013 5:33:00 AM
Referenced Stocks: EFC

Ellington Financial LLC ( EFC ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for EFC broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 2.5% in the past four weeks. Plus, the company currently has a Zacks Rank #4 (Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

ELLINGTON FINL (EFC): Free Stock Analysis Report

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