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Nuveen Quality Income Municipal Fund (NQU) Reaches Initial Resistance Level, Watch for 0.09% Potential Upside Continuation

Written on Wed, 07/14/2010 - 2:48pm
By Chip Brian

SmarTrend has detected shares of Nuveen Quality Income Municipal Fund (NYSE:NQU) have bullishly opened above the pivot of $14.55 today and have reached the first resistance level of $14.59.
We are watching for a cross of the next upside pivot targets of $14.61 and $14.67. Also, the shares are currently trading above the 50-day moving average of $14.42 and above the 200-day moving average of $13.99.
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 23.3%.

Keywords: nuveen quality income municipal fund pivot points

Ticker(s): NQU

Contact Chip Brian



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