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BlackRock MuniVest Fund Shares Up 14.1% Since SmarTrend's Buy Recommendation (MVF)
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for BlackRock MuniVest Fund (AMEX:MVF) on June 7th, 2011 at $9.67. In approximately 19 months, BlackRock MuniVest Fund has returned 14.06% as of today's recent price of $11.03.
Over the past year, BlackRock MuniVest Fund has traded in a range of $9.62 to $12.29 and is now at $11.03, 15% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.
BlackRock MuniVest Fund, Inc. is a non-diversified, closed-end management investment company incorporated in the USA. The Fund's objective is to provide shareholders with a high level of current income exempt from Federal income taxes. The Fund invests primarily in a portfolio of long-term, investment-grade municipal obligations.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of BlackRock MuniVest Fund shares.Log in and add BlackRock MuniVest Fund (MVF) 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
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