These stocks, Eaton Vance Municipal Income Trust, Invesco Van Kampen Trust for Investment Grade Municipals, Pioneer Municipal High Income Trust, Nuveen Municipal High Income Opportunity Fund, and Nuveen Premium Income Municipal Fund 4, Inc, have been showing double top patterns on March 24. The double top pattern is found at the highest point of an upward trend. This signals that the upward trend is weakening and that buyers are losing interest. The start of the pattern is a new high during the upward trend and after this peak it faces resistance and is sold off to a level of support. The price then moves back to the resistance level. This sequence happens again and when the stock reaches its support level it will fall below that point, thus starting a downtrend. Investors should pay specific attention to the support and resistance levels, which will help them determine when to buy or sell the stock.
Shares of Eaton Vance Municipal Income Trust (EVN) fell by 0.29% or $-0.04/share to $13.62. In the past year, the shares have traded as low as $10.47 and as high as $14.13. On average, 88040 shares of EVN exchange hands on a given day and today's volume is recorded at 75398.
Shares of Invesco Van Kampen Trust for Investment Grade Municipals (VGM) traded higher by 0.34% or $0.05/share to $14.92. In the past year, the shares have traded as low as $12.01 and as high as $15.49. On average, 125940 shares of VGM exchange hands on a given day and today's volume is recorded at 122364.
Shares of Pioneer Municipal High Income Trust (MHI) fell by 0.41% or $-0.06/share to $14.68. In the past year, the shares have traded as low as $11.95 and as high as $15.35. On average, 94130 shares of MHI exchange hands on a given day and today's volume is recorded at 74932.
Shares of Nuveen Municipal High Income Opportunity Fund (NMZ) traded higher by 0.56% or $0.07/share to $12.64. In the past year, the shares have traded as low as $10.27 and as high as $13.03. On average, 75210 shares of NMZ exchange hands on a given day and today's volume is recorded at 50803.
Shares of Nuveen Premium Income Municipal Fund 4, Inc (NPT) fell by 0.38% or $-0.05/share to $13.13. In the past year, the shares have traded as low as $10.68 and as high as $13.88. On average, 89780 shares of NPT exchange hands on a given day and today's volume is recorded at 76556.
