Could BlackRock MuniYield Quality Fund, Inc. (MQY) Go Up? The Stock Formed Bullish Descending Triangle

August 18, 2018 - By Ash Maslow

Investors sentiment increased to 1.18 in 2018 Q1. Its up 0.65, from 0.53 in 2017Q4. It improved, as 5 investors sold BlackRock MuniYield Quality Fund, Inc. shares while 12 reduced holdings. 9 funds opened positions while 11 raised stakes. 3.47 million shares or 35.91% more from 2.56 million shares in 2017Q4 were reported.
10,780 were reported by Creative Planning. Raymond James Trust Na has 0.01% invested in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY). Sg Americas Ltd Limited Liability Company owns 17,654 shares for 0% of their portfolio. Envestnet Asset Mngmt has 0% invested in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY). Us Financial Bank De owns 400 shares for 0% of their portfolio. Wells Fargo & Mn reported 73,508 shares. Laurion Cap Management Lp holds 123,871 shares. Enterprise Fincl Svcs Corporation reported 4,900 shares. Carroll Financial Associate Inc has invested 0% in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY). Raymond James & Assoc holds 0% or 64,650 shares. Alabama-based Regions Fin has invested 0% in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY). Moreover, M&T Bancorp has 0% invested in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY). Hanson And Doremus Investment, Vermont-based fund reported 1,300 shares. Morgan Stanley holds 0% of its portfolio in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) for 1.05 million shares. Retail Bank Of America Corp De, North Carolina-based fund reported 257,842 shares.

The stock of BlackRock MuniYield Quality Fund, Inc. (MQY) formed a descending triangle with $14.96 target or 8.00 % above today’s $13.85 share price. The 5 months triangle pattern indicates low risk for the $425.36 million company. If the $14.96 price target is reached, the company will be worth $34.03M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 0.14% or $0.02 during the last trading session, reaching $13.85. About 57,030 shares traded or 11.14% up from the average. BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) has declined 9.98% since August 18, 2017 and is downtrending. It has underperformed by 22.55% the S&P500.

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