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PIMCO Municipal Income Fund II Has Returned 21.6% Since SmarTrend Recommendation (PML)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for PIMCO Municipal Income Fund II (NYSE:PML) on May 31st, 2011 at $10.43. In approximately 9 months, PIMCO Municipal Income Fund II has returned 21.63% as of today's recent price of $12.68.
Over the past year, PIMCO Municipal Income Fund II has traded in a range of $9.79 to $13.06 and is now at $12.71, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.4%.
PIMCO Municipal Income Fund II is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective is to provide current income exempt from federal income tax. The Fund invests primarily in investment grade municipal bonds, the interest from which is exempt from federal income taxes.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of PIMCO Municipal Income Fund II shares.Log in and add PIMCO Municipal Income Fund II (PML) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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