TMCnet News
PIMCO Municipal Income Fund Up 26.9% Since SmarTrend Uptrend Call (PMF)Dec 04, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for PIMCO Municipal Income Fund (NYSE:PMF) on March 1st, 2011 at $13.17. In approximately 21 months, PIMCO Municipal Income Fund has returned 26.85% as of today's recent price of $16.70. Over the past year, PIMCO Municipal Income Fund has traded in a range of $13.93 to $16.81 and is now at $16.70, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%. PIMCO Municipal Income Fund is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective seeks to provide current income exempt from federal income tax. The Fund will invest in a portfolio of municipal bonds, the interest from which is exempt from federal income taxes. The Fund expects to be fully invested in tax-exempt municipal bonds. 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 shares.Log in and add PIMCO Municipal Income Fund (PMF) 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 [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |