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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Comment by Bullchart1on Jun 11, 2020 1:30pm
111 Views
Post# 31139338

RE:Hexo on a weekly uptrend

RE:Hexo on a weekly uptrendExactly my question also but if one looks at the volume between Mar 17 to April 17 and May 13 and Jun 13, we see 150 million or so compared to 276 million. Tells me tthe sellser in the past year say bottom is in. 2.03, 3.04, 3.58 and finally 5.50 monthly highs ate awaiting Hexco but the double top of 1.73 needs to be taken out with volume support. 

Sitting back and enjoying the weekly and monthly gains along with adding on previous weekly highs(should I see that) 

stocktradinguru wrote: Since all-time low of .50... or so....

But candlestick chart on weekly time frame indicates a shooting star.....

The Moving Average for Hexo is
5 day MA- $1.38

20 day MA- .99 cents

50 day MA - .84 cents

100 day MA- $1.17

200 day MA- $2.37

We also have an uptrend on the monthly...

Question is: Have we topped out short term at $1.73???


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