Nuveen Municipal Value Fund Rising on Above-Average Volume, Consistent With Trend (NUV)
Nuveen Municipal Value Fund shares are trading on heavy volume today, having risen 0.4% to $10.01. Approximately 386,000 shares have changed hands today vs. average 30-day volume of 264,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Nuveen Municipal Value Fund on February 28th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.58. Since that recommendation, shares of Nuveen Municipal Value Fund have risen 4.1%. We continue to monitor NUV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Nuveen Municipal Value Fund has traded in a range of $9.28 to $10.88 and is now at $10.00, 8% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.
Keywords: unusual volume nuveen municipal value fund