Western Asset Managed Municipals Fund Inc. (MMU) Could Burn Your Portfolio. The Stock Formed Multiple Bottom Pattern

September 8, 2018 - By Robert Shackelford

Investors sentiment increased to 1 in Q1 2018. Its up 0.06, from 0.94 in 2017Q4. It improved, as 6 investors sold Western Asset Managed Municipals Fund Inc. shares while 12 reduced holdings. 11 funds opened positions while 7 raised stakes. 4.78 million shares or 6.49% more from 4.49 million shares in 2017Q4 were reported.
Bank & Trust Of America Corporation De holds 282,929 shares or 0% of its portfolio. 2,400 are held by Citigroup. Nine Masts Cap invested in 4,100 shares or 0.01% of the stock. Nuveen Asset Management Ltd Llc holds 129,734 shares. Macroview Inv Ltd Limited Liability Company invested in 2,434 shares or 0.11% of the stock. Laurion Mngmt Limited Partnership invested in 0.02% or 207,783 shares. Ameriprise Finance Inc holds 86,961 shares. Oppenheimer owns 12,555 shares. Clearbridge Invs Ltd Llc has 112 shares. Stratos Wealth Partners Ltd invested in 0.06% or 105,877 shares. Regions has 0% invested in Western Asset Managed Municipals Fund Inc. (NYSE:MMU) for 483 shares. Northwestern Mutual Wealth Mngmt stated it has 0% of its portfolio in Western Asset Managed Municipals Fund Inc. (NYSE:MMU). Van Eck Assocs Corp owns 79,916 shares for 0.01% of their portfolio. Robinson Capital Mngmt Limited Liability owns 0.18% invested in Western Asset Managed Municipals Fund Inc. (NYSE:MMU) for 43,825 shares. Enterprise Service holds 9,800 shares or 0.07% of its portfolio.

Since April 12, 2018, it had 0 insider purchases, and 1 sale for $25.00 million activity.

The stock of Western Asset Managed Municipals Fund Inc. (MMU) shows a multiple bottoms pattern with $11.95 target or 6.00 % below today’s $12.71 share price. The 9 months chart pattern indicates high risk for the $550.20M company. It was reported on Sep, 8 by Finviz.com. If the $11.95 price target is reached, the company will be worth $33.01M 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 decreased 0.55% or $0.07 during the last trading session, reaching $12.71. About 53,059 shares traded. Western Asset Managed Municipals Fund Inc. (NYSE:MMU) has declined 8.04% since September 8, 2017 and is downtrending. It has underperformed by 20.61% the S&P500.

Another recent and important Western Asset Managed Municipals Fund Inc. (NYSE:MMU) news was published by Seekingalpha.com which published an article titled: “Western Asset Managed Municipals Portfolio goes ex-dividend tomorrow” on August 22, 2018.

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