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Shares of TY Up 22.6% Since Uptrend Call on Shares

By David Diaz

SmarTrend identified an Uptrend for Tri-Continental (NYSE:TY) on March 2nd, 2016 at $19.11. In approximately 14 months, Tri-Continental has returned 22.59% as of today's recent price of $23.42.

Over the past year, Tri-Continental has traded in a range of $17.38 to $23.70 and is now at $23.42, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Tri-Continental Corporation is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective is growth of capital while producing reasonable current income. The Fund invests in companies within each industry that trade at the cheapest relative valuations and provide the highest dividend yields.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Tri-Continental shares.

Log in and add Tri-Continental (TY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights tri-continental

Ticker(s): TY