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TMCNet:  9.4% Return Seen to Date on SmarTrend Nuveen Floating Rate Income Opportunity Fund Call (JRO)

[December 06, 2012]

9.4% Return Seen to Date on SmarTrend Nuveen Floating Rate Income Opportunity Fund Call (JRO)

Dec 06, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) on October 28th, 2011 at $11.35. In approximately 14 months, Nuveen Floating Rate Income Opportunity Fund has returned 9.43% as of today's recent price of $12.42.


In the past 52 weeks, Nuveen Floating Rate Income Opportunity Fund share prices have been bracketed by a low of $10.57 and a high of $13.08 and are now at $12.42, 18% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Nuveen Floating Rate Income Opportunity Fund is diversified, closed-end management investment company. The Fund's objective is to achieve a high level of current income. The Fund invests at least 80% of its Managed Assets in adjustable rate loans, primarily secured senior loans.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Nuveen Floating Rate Income Opportunity Fund shares.Log in and add Nuveen Floating Rate Income Opportunity Fund (JRO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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