Resource Capital (RSO) : Traders are bullish on Resource Capital (RSO) as it has outperformed the S&P 500 by a wide margin of 5.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.97% in the last 1 week, and is up 5.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 3.55%.The 200 Day SMA reached 12.5%. Resource Capital Corp. is up 3.78% in the last 3-month period. Year-to-Date the stock performance stands at 5.33%.
Resource Capital (NYSE:RSO): After opening at $13.32, the stock dipped to an intraday low of $13.32 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.55 and the buying power remained strong till the end. The stock closed at $13.44 for the day, a gain of 1.36% for the day session. The total traded volume was 150,186. The stocks close on the previous trading day was $13.26.
Resource Capital Corp. is a real estate finance Company. The Company invests in asset classes, which include commercial real estate-related assets, residential real estate-related assets and commercial finance assets. Its commercial real estate-related assets include loans, interests in mortgage loans, Mezzanine debt related to commercial real estate, commercial mortgage-backed securities, and commercial real estate. Its residential real estate-related assets include residential mortgage loans and securities. Its commercial finance assets include senior secured corporate loans, asset-backed securities, debt tranches of collateralized debt obligations and collateralized loan obligations, structured note investments, middle-market secured corporate loans and preferred equity investments. The Company is externally managed by Resource Capital Manager, Inc., or the Manager, an indirect wholly-owned subsidiary of Resource America, Inc.