Could BlackRock Municipal Income Investment Trust (BBF) Change Direction After This Double Bottom Pattern

September 8, 2018 - By Margaret Guttierez

Investors sentiment decreased to 1 in 2018 Q1. 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.
Royal National Bank & Trust Of Canada reported 1,714 shares or 0% of all its holdings. Retail Bank Of America De holds 29,139 shares or 0% of its portfolio. Wolverine Asset Limited reported 69,902 shares. Laurion Capital Mgmt Ltd Partnership invested in 281,209 shares or 0.03% of the stock. Wells Fargo Mn holds 0% in BlackRock Municipal Income Investment Trust (NYSE:BBF) or 71,986 shares. Guggenheim Capital Ltd Llc holds 134,558 shares. M&R Management Incorporated reported 6,200 shares. Hightower owns 18,050 shares. Horizon Kinetics Limited Liability invested in 0% or 11,019 shares. The California-based Lpl Fincl Lc has invested 0% in BlackRock Municipal Income Investment Trust (NYSE:BBF). Morgan Stanley has 0% invested in BlackRock Municipal Income Investment Trust (NYSE:BBF) for 86,127 shares.

The chart of BlackRock Municipal Income Investment Trust (BBF) shows a double bottom with $13.48 target or 4.00 % below today’s $14.04 share price. The 9 months chart pattern indicates high risk for the $143.58 million company. It was reported on Sep, 8 by Finviz.com. If the $13.48 price target is reached, the company will be worth $5.74M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.18% or $0.02 during the last trading session, reaching $14.04. About 7,306 shares traded. BlackRock Municipal Income Investment Trust (NYSE:BBF) has declined 10.05% since September 8, 2017 and is downtrending. It has underperformed by 22.62% the S&P500.

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