Blackrock Investment Quality Municipal (BKN) has registered bullish trend on the tape over the past fifty bars (sessions) according to Barchart.com market data. Traders will be watching closely to see if this momentum will continue or if a pullback is in order.
Most recently Blackrock Investment Quality Municipal (BKN) were spotted at $13.49. After opening the session at $13.64, the stock has touched a high of $13.70 and a low of $13.42. From the open, shares have seen a change of -0.23. Many investors will be keeping close tabs on company shares as we approach the mid-year point. Traders will be monitoring the stock to see if there is a break-out to the upside, or if momentum shifts to the downside.
Taking a look at the technicals, we can see that Blackrock Investment Quality Municipal (BKN) has a 14-day RSI of 62.49. The 7-day RSI is presently 62.49, and the 3-day is 13.65. The RSI, or Relative Strength Index is a popular oscillating indicator first introduced by Welles Wilder. The RSI moves in a range between 0 and 100. When the RSI line moves up, the stock may be strengthening. The opposite is the case when the RSI line is shifting lower. Investors often keep an eye on the 30 and 70 levels on the RSI scale. A reading above 70 may indicate the stock as overbought, and a reading under 30 may signal that the stock is oversold. Traders may also use these RSI readings to help identify share reversals.
Blackrock Investment Quality Municipal (BKN) has a current 14-day CCI (Commodity Channel Index) of 61.74. Developed by Donald Lambert, the CCI measures the variation of a security from its statistical mean. Contrary to the name, CCI can be used on any kind of security, not just commodities. A CCI reading above +100 may indicate that the stock is overbought and possibly primed for a correction. A reading of -100 would suggest that the stock is oversold and possibly poised for a rally.
Blackrock Investment Quality Municipal (BKN) has a 14-day ADX of 26.31. The Average Directional Index or ADX is a technical indicator mainly used to gauge market trends. It is important to note that the ADX alone measures trend strength but not trend direction. Typically, an ADX value from 0-25 would indicate a weak or nonexistent trend. A level of 25-50 would signify a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Investors often view the ADX in conjunction with various indicators when trying to decipher market trends.
Shares of Blackrock Investment Quality Municipal (BKN) were recently seen trading at 13.49 .Investors may be looking to track the company’s historical price performance over the past year. Breaking it down into segmented periods of time, we can view stock performance from multiple angles. Over the last 52 weeks, shares have seen a change of -8.36. Moving closer to the half-year mark, shares have seen a 26-week change of -3.23. Over the last 13-week period, company shares have moved -4.33. Bringing our focus even narrower, shares have seen a 4-week change of 3.61 and a 1-week move of 3.06. Tracking historical price performance can provide some good insight into where the stock has been and where it may be going in the future. Many investors will choose to measure price performance of a specific stock to that of different market indexes as a whole.
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