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John Hancock Patriot Premium Dividend Fund II (PDT) Approaches New Upside Target of $11.07

Written on Tue, 07/27/2010 - 12:13pm
By Chip Brian

SmarTrend has detected shares of John Hancock Patriot Premium Dividend Fund II (NYSE:PDT) have bullishly opened above the pivot of $10.97 today and have reached the first resistance level of $11.03.
We are watching for a cross of the next upside pivot targets of $11.07 and $11.17. Also, the shares are currently trading above the 50-day moving average of $10.36 and above the 200-day moving average of $10.08.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of John Hancock Patriot Premium Dividend Fund II on March 19, 2009 at $6.02. Since the call, the stock has risen 83.6%.

Keywords: john hancock patriot premium dividend fund ii pivot points

Ticker(s): PDT

Contact Chip Brian



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