• Return to Headlines

Nuveen Quality Income Municipal Fund (NQU) Reaches Initial Resistance Level, Watch for 0.07% Potential Upside Continuation

Written on Mon, 07/19/2010 - 1:18pm
By Chip Brian

SmarTrend has detected shares of Nuveen Quality Income Municipal Fund (NYSE:NQU) have bullishly opened above the pivot of $14.64 today and have reached the first resistance level of $14.67.
We are watching for a cross of the next upside pivot targets of $14.69 and $14.74. Also, the shares are currently trading above the 50-day moving average of $14.43 and above the 200-day moving average of $14.01.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Nuveen Quality Income Municipal Fund on January 05, 2009 at $11.84. Since the call, the stock has risen 24%.

Keywords: nuveen quality income municipal fund pivot points

Ticker(s): NQU

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.