The stock price of Capstead Mortgage Corp. crossed below the 50-day moving average on lighter than usual volume. The crossing of the stock price below the 50-day moving average may signal the beginning of a bearish trend.

It is also important to note that shares of CMO declined $0.25(-2.13%) to $11.48 in today’s trading session. CMO traded between the range of $11.46 – $11.79. Today’s trading activities for Capstead Mortgage Corp. stock may be a sign that the shares will continue to head lower in the foreseeable future assuming the moving average has downward slope.

Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support and resistance levels for Capstead Mortgage Corp. are 11.36 and 11.69 respectively. If the support point price is broken in an downward movement, then the bearish trend is likely to continue and vice versa.