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Shares of Nuveen Premium Income Municipal Fund 2 Down on Above Average Volume, Moving Against Trend (NPM)
Dec 18, 2012 (SmarTrend(R) News Watch via COMTEX) --
The price of Nuveen Premium Income Municipal Fund 2 shares has slipped to $15.05 (a 0.3% change) on heavy trading volume. Approximately 245,000 shares have changed hands today vs. average 30-day volume of 207,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Nuveen Premium Income Municipal Fund 2 on June 3rd, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.64. Since that recommendation, shares of Nuveen Premium Income Municipal Fund 2 have risen 10.6%. We continue to monitor NPM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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 $14.99, 7% 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.
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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