PIMCO High Income Fund Shares Down 11.4% Since SmarTrend's Sell Call (PHK)
SmarTrend identified a Downtrend for PIMCO High Income Fund (NYSE:PHK) on October 10th, 2012 at $11.83. In approximately 3 months, PIMCO High Income Fund has returned 11.41% as of today's recent price of $10.48.
In the past 52 weeks, shares of PIMCO High Income Fund have traded between a low of $9.88 and a high of $14.32 and are now at $10.48, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.
Pimco High Income Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income. Capital appreciation is a secondary objective. The Fund invests 80% of its net assets (plus any borrowings for investment purposes) in debt securities that are, at the time of purchase, rated below investment grade.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of PIMCO High Income Fund.
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