BlackRock Insured Municipal Income Trust Shares Up 29.9% Since SmarTrend's Buy Recommendation (BYM)
SmarTrend identified an Uptrend for BlackRock Insured Municipal Income Trust (NYSE:BYM) on February 28th, 2011 at $13.33. In approximately 21 months, BlackRock Insured Municipal Income Trust has returned 29.91% as of today's recent price of $17.32.
In the past 52 weeks, shares of BlackRock Insured Municipal Income Trust have traded between a low of $14.21 and a high of $17.44 and are now at $17.32, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company incorporated in the USA. The Trust's objective is to provide current income exempt from Federal income tax, including the alternative minimum tax. The Trust will invest primarily in insured municipal bonds that pay interest that is exempt from Federal income tax.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of BlackRock Insured Municipal Income Trust shares.
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Keywords: spotlights blackrock insured municipal income trust
Ticker(s): BYM