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Downtrend Call Working As Duff & Phelps Utility and Corporate Bond Trust Stock Falls 18.3% (DUC)

By Amy Schwartz

SmarTrend identified a Downtrend for Duff & Phelps Utility and Corporate Bond Trust (NYSE:DUC) on June 3rd, 2013 at $11.51. In approximately 41 months, Duff & Phelps Utility and Corporate Bond Trust has returned 18.30% as of today's recent price of $9.40.

In the past 52 weeks, Duff & Phelps Utility and Corporate Bond Trust share prices have been bracketed by a low of $9.06 and a high of $9.92 and are now at $9.40, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Duff & Phelps Utility and Corporate Bond Trust, Inc. is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective is to provide high current income. The Fund invests primarily in a diversified portfolio of utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Duff & Phelps Utility and Corporate Bond Trust.

Log in and add Duff & Phelps Utility and Corporate Bond Trust (DUC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights duff & phelps utility and corporate bond trust

Ticker(s): DUC