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Tracking Shares of Blackrock Muni Income Trust II (BLE) — Market Focus

12 October 2017

Investors are paying close attention to the charts of Blackrock Muni 2020 Trust (BKK), as the shares are holding above the MACD Histogram zero line. The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a daily chart. The Washington-based Evergreen Capital Management Llc has invested 0.03% in the stock. It invests in the fixed income markets of the United States. It is quite reasonable to be optimistic about the investment environment heading into the second half of the year. Traders will most likely be honing their strategies that they created, trying to beat the market over the next couple of months. Investors who prepare themselves for any scenario should be in a much better place than those who don't.

Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 16.86. At the time of writing, Blackrock California Muni Trust (BFZ) has a 14-day ATR of 0.09. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. Blackrock Muni 2020 Trust (BKK)'s Williams Percent Range or 14 day Williams %R now sits at -90.48. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

Moving averages can help spot trends and price reversals.

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Current levels places BlackRock Income Trust, Inc. In general, if the reading goes above -20, the stock may be considered to be overbought. A reading under 30 would indicate oversold conditions. Checking on another technical indicator, the 14-day RSI is now sitting at 41.02, the 7-day rests at 42.10, and the 3-day is presently at 59.25 for Invesco Muni Trust (VKQ). As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. ADX calculations are made based on the moving average price range expansion over a specified amount of time. Normal oscillations tend to stay in the range of -100 to +100. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The stock has a 50 day moving average of $12.42 and a 200 day moving average of $12.40.

Moving average indicators are commonly tracked by technical stock analysts. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. MA's may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many investors will use the CCI in conjunction with other indicators when evaluating a trade.