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Downtrend Call Working As Eaton Vance Short Duration Diversified Income Fund Stock Falls 18.6% (EVG)

By Amy Schwartz

SmarTrend identified a Downtrend for Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) on November 15th, 2012 at $16.40. In approximately 48 months, Eaton Vance Short Duration Diversified Income Fund has returned 18.62% as of today's recent price of $13.35.

Over the past year, Eaton Vance Short Duration Diversified Income Fund has traded in a range of $12.56 to $15.10 and is now at $13.35, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Eaton Vance Short Duration Diversified Income Fund is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective is to provide a high level of current income. The Fund will maintain a duration of no more than three years. The Fund invests its assets in senior, secured floating rate loans, bank deposits denominated in foreign currency and MBS.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Eaton Vance Short Duration Diversified Income Fund.

Log in and add Eaton Vance Short Duration Diversified Income Fund (EVG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights eaton vance short duration diversified income fund

Ticker(s): EVG