Could Blackrock MuniHoldings Fund II, (MUH) Decrease Even More? The Stock Formed Multiple Bottom Pattern

July 27, 2018 - By Lisa Delgado

Investors sentiment increased to 2.33 in 2018 Q1. Its up 1.41, from 0.92 in 2017Q4. It is positive, as 1 investors sold Blackrock MuniHoldings Fund II, shares while 5 reduced holdings. 6 funds opened positions while 8 raised stakes. 1.12 million shares or 24.25% more from 903,613 shares in 2017Q4 were reported.
Guggenheim Capital Lc stated it has 0.01% in Blackrock MuniHoldings Fund II, (NYSE:MUH). Goodwin Daniel L stated it has 18,387 shares or 0.12% of all its holdings. Regions Fincl, Alabama-based fund reported 2,707 shares. Morgan Stanley accumulated 0% or 23,709 shares. Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Blackrock MuniHoldings Fund II, (NYSE:MUH). Pnc Fincl Service Grp reported 40,100 shares. First Allied Advisory stated it has 0.01% in Blackrock MuniHoldings Fund II, (NYSE:MUH). Northwestern Mutual Wealth Co owns 9,413 shares. Signaturefd Llc holds 1,350 shares or 0% of its portfolio. 11,917 are owned by Raymond James Fin Services Advisors. Northern Tru stated it has 11,065 shares or 0% of all its holdings. The Ontario – Canada-based Royal Financial Bank Of Canada has invested 0% in Blackrock MuniHoldings Fund II, (NYSE:MUH). Lpl Financial Lc owns 0% invested in Blackrock MuniHoldings Fund II, (NYSE:MUH) for 10,233 shares. Raymond James & reported 0% in Blackrock MuniHoldings Fund II, (NYSE:MUH). Carroll Assocs Inc owns 775 shares for 0% of their portfolio.

The stock of Blackrock MuniHoldings Fund II, (MUH) shows a multiple bottoms pattern with $13.02 target or 6.00 % below today’s $13.85 share price. The 9 months chart pattern indicates high risk for the $157.01M company. It was reported on Jul, 27 by Finviz.com. If the $13.02 price target is reached, the company will be worth $9.42M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.07% or $0.01 during the last trading session, reaching $13.85. About 17,927 shares traded. Blackrock MuniHoldings Fund II, (NYSE:MUH) has declined 12.07% since July 27, 2017 and is downtrending. It has underperformed by 24.64% the S&P500.

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