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John Hancock Patriot Premium Dividend Fund II (PDT) Reaches Initial Resistance Level, Watch for 0.18% Potential Upside Continuation

Written on Thu, 07/22/2010 - 1:06pm
By Chip Brian

SmarTrend has detected shares of John Hancock Patriot Premium Dividend Fund II (NYSE:PDT) have bullishly opened above the pivot of $10.81 today and have reached the first resistance level of $10.87.
We are watching for a cross of the next upside pivot targets of $10.90 and $10.99. Also, the shares are currently trading above the 50-day moving average of $10.33 and above the 200-day moving average of $10.06.
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 80.7%.

Keywords: john hancock patriot premium dividend fund ii pivot points

Ticker(s): PDT

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