BlackRock Municipal Income Investment Trust (BBF) Stock Faces Higher Risks Forward After Forming Double Bottom Chart Pattern

July 16, 2018 - By Carolyn Hewitt

Investors sentiment decreased to 1 in Q1 2018. Its down 0.67, from 1.67 in 2017Q4. It turned negative, as 1 investors sold BlackRock Municipal Income Investment Trust shares while 4 reduced holdings. 1 funds opened positions while 4 raised stakes. 728,957 shares or 33.87% more from 544,526 shares in 2017Q4 were reported.
Lpl Fincl, a California-based fund reported 17,053 shares. M&R Management has invested 0.02% in BlackRock Municipal Income Investment Trust (NYSE:BBF). Wells Fargo And Mn holds 0% in BlackRock Municipal Income Investment Trust (NYSE:BBF) or 71,986 shares. Royal Comml Bank Of Canada reported 1,714 shares. Financial Bank Of America Corp De accumulated 29,139 shares. Hightower Ltd Limited Liability Company holds 18,050 shares or 0% of its portfolio. Laurion Capital Mgmt Lp has 281,209 shares. Horizon Kinetics Limited Liability Co holds 0% or 11,019 shares. 134,558 are owned by Guggenheim Cap Ltd Com. Wolverine Asset Lc reported 69,902 shares stake. Morgan Stanley has invested 0% in BlackRock Municipal Income Investment Trust (NYSE:BBF).

The chart of BlackRock Municipal Income Investment Trust (BBF) shows a double bottom with $11.87 target or 9.00 % below today’s $13.04 share price. The 9 months chart pattern indicates high risk for the $133.33 million company. It was reported on Jul, 16 by Finviz.com. If the $11.87 price target is reached, the company will be worth $12.00M less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.54% or $0.2 during the last trading session, reaching $13.04. About 80,557 shares traded or 145.35% up from the average. BlackRock Municipal Income Investment Trust (NYSE:BBF) has declined 10.05% since July 16, 2017 and is downtrending. It has underperformed by 22.62% the S&P500.

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