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Uptrend Call Working As Wells Fargo Multi-Sector Income Fund Stock Rises 7.2% (ERC)

By Shiri Gupta

SmarTrend identified an Uptrend for Wells Fargo Multi-Sector Income Fund (AMEX:ERC) on January 18th, 2019 at $11.83. In approximately 11 months, Wells Fargo Multi-Sector Income Fund has returned 7.23% as of today's recent price of $12.68.

Over the past year, Wells Fargo Multi-Sector Income Fund has traded in a range of $10.27 to $12.78 and is now at $12.68, 23% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.13% higher over the past week, respectively.

Wells Fargo Multi-Sector Income Fund is a diversified, closed-end management investment company incorporated in the USA. The objective is to seek a high level of current income. The Fund allocates 50% of its assets in below investment grade US debt securities, 25% in foreign debt securities and 25% in securities that reset their interest rates periodically.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Wells Fargo Multi-Sector Income Fund shares.

Log in and add Wells Fargo Multi-Sector Income Fund (ERC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights amex:erc wells fargo multi-sector income fund

Ticker(s): ERC