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Technical Analysis
- 8/31/2009 1:24:29 PM
By Chip Brian, SmarTrend Analytics Team
MFS Charter Income Trust (NYSE:MCR) is trading 0.4% higher (up $0.04 to $8.65) today on volume of 122,283 shares. The stock is trading near its 52-week high of $9.40. We are watching for a close above that level.
MFS Charter Income Trust is currently above its 50-day moving average of $8.38 and above its 200-day moving average of $7.62.
SmarTrend is bullish on shares of MCR and our subscribers received an Uptrend alert on April 17, 2009 at $7.70, which has returned 12.3% to date.
Contact Chip Brian
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