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Buyers Accumulating Shares of Nuveen Quality Preferred Income Fund II on 1.1x Above-Average Volume (JPS)

Written on Wed, 07/21/2010 - 2:46pm
By Chip Brian

Shares of Nuveen Quality Preferred Income Fund II (NYSE:JPS) are trading up 0.4% to $7.83 today on above average volume. Approximately 297,000 shares have traded hands today vs. average 30-day volume of 280,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of JPS to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Nuveen Quality Preferred Income Fund II and our subscribers were alerted to buy on July 07, 2010 at $7.60. The stock has risen 3% since the alert was issued.

Keywords: nuveen quality preferred income fund ii unusual volume

Ticker(s): JPS

Contact Chip Brian



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