The breakdown of the support could lead to a further decline.
Technical analysis shows a bearish trend in the short-term : indeed, prices are very close to a major support area located at USD 14 which once broken could extend the downward movement. Moreover, moving averages are trending down which reduces the probability for a short-term rebound.
A short position may be initiated on the stock once the USD 14 support is broken. The target price is set at USD 12.6, a potential of 10%. A stop order will be placed at the USD 14.5 level. The breakdown of this threshold would invalidate the bearish strategy.
Annaly Capital Management, Inc. is a diversified capital manager with investment strategies across mortgage finance. The Company owns a portfolio of real estate-related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer (CRT) securities, and other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights (MSR). Its investment groups include Annaly Agency Group, Annaly Residential Credit Group and Annaly Mortgage Servicing Rights Group. Annaly Agency Group invests in agency mortgage-backed securities (MBS) collateralized by residential mortgages. Annaly Residential Credit Group invests in non-agency residential mortgage assets within residential and commercial markets. Annaly Mortgage Servicing Rights Group invests in MSR, which provides the right to service residential mortgage loans in exchange for a portion of the interest payments.
ANNALY CAPITAL MANAGEMENT, INC. 
