Altisource Residential Corporation (RESI) Shares are Up 1.3%

Altisource Residential Corporation (RESI) has been under a strong bear grip, hence the stock is down -1.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.13% in the past 1 week. The stock has risen by 1.3% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.15% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 5.07%.The 200 Day SMA reached 5.17%

Altisource

Altisource Residential Corporation (NYSE:RESI): After opening at $10.71, the stock dipped to an intraday low of $10.69 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.35 and the buying power remained strong till the end. The stock closed at $10.9 for the day, a gain of 1.87% for the day session. The total traded volume was 674,507. The stocks close on the previous trading day was $10.9.

Altisource Residential Corporation (RESI) : The consensus price target for Altisource Residential Corporation (RESI) is $15.13 for the short term with a standard deviation of $2.39. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $13.

Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. It conducts most of its activities through its operating partnership, Altisource Residential, L.P., and its subsidiaries. The Company is engaged in the management of single-family rental properties using Altisource Portfolio Solutions S.A.s (Altisource) vendor network. Its contracted relationships with manufacturers and material suppliers, who are also used by Altisource, enable it to manage the ordering and delivery of flooring, appliances, paint, fixtures and lighting for renovation and unit turn work. It has direct access to Altisources inspection and estimating application. It is managed by Altisource Asset Management Corporation (AAMC).

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