Institutional Investors Positive on Nuveen Maryland Premium Income Municipal Fund (NYSE:NMY)

Lloyd Doyle
December 7, 2017

Analyzing the technical facts, Nuveen Municipal Credit Income Fund (NZF)'s current distance from 20-Day Simple Moving Average is 1.30% and standing 1.54% away from 50-Day Simple Moving Average while traded up 3.21% from 200-Day Simple Moving Average.

Buying and selling decisions can be crucial when managing the stock portfolio. Shares of Nuveen Connecticut Premium Fund (NTC) have a 7-day moving average of 11.97. This represents a $1.08 annualized dividend and a dividend yield of 8.82%. They may also be used to assist the trader figure out proper support and resistance levels for the stock.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Nuveen Connecticut Premium Fund (NTC) is sitting at 30.85. Active investors may choose to use this technical indicator as a stock evaluation tool. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 56.81, the 7-day is 67.22, and the 3-day is now at 86.12 for Nuveen Virginia Premium Fund (NPV).


Taking a deeper look into the technical levels of Nuveen Diversified Dividend and (JDD), we can see that the Williams Percent Range or 14 day Williams %R now sits at -60.00. A reading between 0 and -20 would point to an overbought situation. A sell opportunity is signaled when the security is considered to be overbought.

The Williams Percent Range or Williams %R is a technical indicator worth taking a look at. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down.

The stock increased 0.98% or $0.15 during the last trading session, reaching $15.45. As the markets continue to chug along, investors may be trying to maximize gains and become better positioned for success. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action.

Nuveen Connecticut Premium Fund (NTC)'s closing price of $12.05 has closed above it's Parabolic SAR reading, indicating a potential trend reversal. The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The average true range indicator was developed by J. Welles Wilder in order to measure volatility. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. The RSI oscillates on a scale from 0 to 100. Normal oscillations tend to stay in the range of -100 to +100. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. When RSI moves below 30, it is oversold and could lead to an upward move. After a recent check, the 14-day RSIfor Minco Silver Corp (MSV.TO) is now at 38.96, the 7-day stands at 35.73, and the 3-day is sitting at 22.83. First Trust Advisors LP grew its stake in shares of Nuveen Diversified Dividend and Income Fund by 14.2% during the 3rd quarter. The ADX alone measures trend strength but not direction.

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