Nuveen Quality Preferred Income Fund II (NYSE:JPS) traded in a range yesterday that spanned from a low of $7.49 to a high of $7.74. Yesterday's low of the day pierced the 3-day low of $7.77 on volume of 528,000 shares.
Shares of Nuveen Quality Preferred Income Fund II have been range bound for the past 3-days between a high of $7.92 and a low of $7.77 and have traded with a 30-day average daily volume of 244,000 shares.
Look for shares of JPS to trade within a new lower trading range with resistance at $7.77 and move along with its peers in the Closed End Fund- Debt SmarTrend industry.
SmarTrend is bullish on shares of Nuveen Quality Preferred Income Fund II and our subscribers were alerted to Buy on March 16, 2009 at $3.68. The stock has risen 104.1% since the alert was issued.