These stocks, BlackRock Municipal 2020 Term Trust, Eaton Vance Municipal Income Trust, Nuveen Quality Preferred Income Fund 2, Bonanza Creek Energy, Inc, and BlackRock MuniAssets Fund, Inc, have been showing double top patterns on March 25. 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 BlackRock Municipal 2020 Term Trust (BKK) traded higher by 0.89% or $0.14/share to $15.95. In the past year, the shares have traded as low as $13.75 and as high as $16.23. On average, 34030 shares of BKK exchange hands on a given day and today's volume is recorded at 29567.
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 Nuveen Quality Preferred Income Fund 2 (JPS) traded higher by 0.70% or $0.06/share to $8.58. In the past year, the shares have traded as low as $6.58 and as high as $8.85. On average, 298590 shares of JPS exchange hands on a given day and today's volume is recorded at 230594.
Shares of Bonanza Creek Energy, Inc (BCEI) traded higher by 5.85% or $1.06/share to $19.19. In the past year, the shares have traded as low as $12.39 and as high as $20.15. On average, 256910 shares of BCEI exchange hands on a given day and today's volume is recorded at 255573.
Shares of BlackRock MuniAssets Fund, Inc (MUA) traded higher by 1.89% or $0.24/share to $12.94. In the past year, the shares have traded as low as $10.52 and as high as $13.21. On average, 92470 shares of MUA exchange hands on a given day and today's volume is recorded at 84194.
