New York, NY -- (SBWIRE) -- 12/31/2012 -- Chimera Investment Corporation (NYSE: CIM), a specialty finance company that invests directly or indirectly in residential mortgage-backed securities, residential mortgage loans, commercial loans, real estate-related securities and various asset classes, is marginally higher in mid-day trading today.
At last check, CIM was trading 0.97% higher at $2.62 on volume of 3.08 million, which is well below the daily average volume of 9.71 million. Despite today’s gains, CIM has fallen nearly 3% in the last three trading sessions. CIM, in fact, has been struggling for direction in the past couple of weeks. The stock currently faces stiff resistance at around $2.70. A bullish trend will be established if the stock breaks through this level.
CIM currently has a dividend yield of 13.77%, which makes it attractively valued at current level.
Apple Inc. (NASDAQ: AAPL), the maker of iPhones and iPads, is up sharply in mid-day trading today, after struggling in recent weeks. AAPL has fallen more than 10% this month. The stock has struggled amid a sharp decline in broad market due to concerns over the fiscal cliff. AAPL has also slipped on concerns that the company is facing increasing competition in the smartphone and tablet market.
AAPL is currently trading 2.98% higher at $524.84 on volume of 10.75 million, which is half the daily average volume of 21.71 million. AAPL has broken through $520 resistance level today. The next resistance level for the stock is at $540. If it can break through this level then a bullish trend will be established.
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