Pimco Municipal Income Fund Plans Monthly Dividend of $0.06 (NYSE:PMF)

Claudine Rigal
Juillet 18, 2017

Shares saw a steep increase in trading volume of 61.05% over the normal average daily volume. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $13.82 and a 1-year high of $20.86. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). Northwestern Mutual Wealth Mngmt has invested 0% in Pimco Corporate & Income Strategy Fund (NYSE:PCN). The value of the position overall is down by 3.9%. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. CCI is an indicator used in technical analysis that was designed by Donald Lambert. For traders looking to capitalize on trends, the ADX may be an essential technical tool.

Interested investors may be watching the Williams Percent Range or Williams %R. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. The 14-day RSI for Pimco Corporate & Income Strategy Fund (PCN) is now at 66.53, the 7-day stands at 65.31, and the 3-day is sitting at 64.22. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Alternately, if the indicator goes below -80, this may point to the stock being oversold. 6 funds opened positions while 24 raised stakes. Guggenheim Ltd Liability Company owns 213,853 shares. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. Different time periods may be used when using the RSI indicator. This range falls on a scale between 0 and 100. A value of 25-50 would indicate a strong trend. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100.

For further review, we can take a look at another popular technical indicator. It is trading at $12.09 just above $11.75, the 50 day moving average and a tad above the 200 day moving average of $11.16. Moving averages can be used to help filter out the day to day noise created by other factors.

With equity investing, there will constantly be worries and fears. This may prove to be a successful strategy, but this may also create many missed opportunities. Individuals with longer-term mindsets may have completely different strategies than those who trade in the short-term. Many investors will set their sights on dips and corrections. Keeping track of key economic data along with market trends and earnings information typically seems to be a boon to any strategy. Investors staying the course might actually be relieved when activity cools a bit.

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