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Nuveen Premium Income Municipal Fund 2 Shares Up 15.8% Since SmarTrend's Buy Recommendation (NPM)
Jan 10, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Nuveen Premium Income Municipal Fund 2 (NYSE:NPM) on June 3rd, 2011 at $13.64. In approximately 20 months, Nuveen Premium Income Municipal Fund 2 has returned 15.84% as of today's recent price of $15.80.
In the past 52 weeks, Nuveen Premium Income Municipal Fund 2 share prices have been bracketed by a low of $14.07 and a high of $16.12 and are now at $15.80, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
Nuveen Premium Income Municipal Fund 2 is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective seeks to provide current income exempt from regular federal income tax. The Fund invests primarily in a diversified portfolio of municipal obligations issued by state and local government authorities.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Nuveen Premium Income Municipal Fund 2 shares.Log in and add Nuveen Premium Income Municipal Fund 2 (NPM) 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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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
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