Breakout Stocks of Week 14 @ NYSEMKT
NASDAQ was down last week (week 13) by -0.799% ending at 16,248.52 points after falling -130.94 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are BlackRock MuniVest Common NYSEMKT:MVF. This stock has had a buy signal since Apr 03, 2024 when the price was $6.89 and is so far up 0.290% to $6.91. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 14 |
|---|---|---|---|
| Blackrock Munivest Common | $6.91 | $6.89 | -0.347% |
The BlackRock MuniVest Common stock price fell by -0.145% on the last day (Friday, 5th Apr 2024) from $6.92 to $6.91. During the last trading day the stock fluctuated 0.509% from a day low at $6.88 to a day high of $6.91. The price has fallen in 6 of the last 10 days and is down by -1.43% for this period. Volume has increased on the last day by 308 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 388 thousand shares were bought and sold for approximately $2.68 million.
BlackRock MuniVest Common holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About BlackRock MuniVest Common:
BlackRock MuniVest Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes. The fund seeks to invest in securities with maturities of more than ten years. BlackRock MuniVest Fund, Inc. was formed on September 29, 1988 and is domiciled in the United States.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
