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Watch for Shares of Nuveen Quality Preferred Income Fund II (JPS) to Approach Resistance at $7.88

Written on Wed, 07/21/2010 - 10:33am
By Chip Brian

SmarTrend has detected shares of Nuveen Quality Preferred Income Fund II (NYSE:JPS) have bullishly opened above the pivot of $7.71 today and have reached the first resistance level of $7.82.
We are watching for a cross of the next upside pivot targets of $7.88 and $8.05. Also, the shares are currently trading above the 50-day moving average of $7.35 and above the 200-day moving average of $7.35.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Nuveen Quality Preferred Income Fund II on July 07, 2010 at $7.60. Since the call, the stock has risen 3%.

Keywords: nuveen quality preferred income fund ii pivot points

Ticker(s): JPS

Contact Chip Brian



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