Nuveen Floating Rate Income Opportunity Fund

Marco Green
January 31, 2018

Investors may find it really hard to sell an underperforming stock when they still believe that it will turn around and move to profit. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Once the signals have been chosen, traders may spend a lot of time back testing strategies before diving into the market.

Traders may be focusing in on the ATR or Average True Range indicator when performing stock analysis. Raymond James And Assoc has 0% invested in Nuveen New York Quality Municipal Income Fund (NYSE:NAN). The Williams %R was developed by Larry Williams. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. If the indicator travels under -80, this may signal that the stock is oversold. This may involve following major economic data, studying company fundamentals, and checking in on historical price movement and trends. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Nuveen Municipal Value Fund Inc has a twelve month low of $9.48 and a twelve month high of $10.46. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The Fund's primary objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States.

Taking a look at other technical levels, the 3-day RSI stands at 34.02, the 7-day sits at 34.59 and the 14-day (most common) is at 37.19. Using this method, a stock that is trading underneath the intrinsic value may be considered a good pick. The ADX measures the strength or weakness of a particular trend. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. A level of 50 would indicate neutral market momentum. The RSI oscillates on a scale from 0 to 100. Like the RSI, this indicator is best used in conjunction with another indicator as confirmation. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". M&T Bank Corp stated it has 0% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS).

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