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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

BLACKROCK Municipal Income TRUST > Hexo has topped out
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Post by stocktradinguruon Jun 09, 2020 12:33pm
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Post# 31129201

Hexo has topped out

Hexo has topped outAfter a run up prior to eanings, HEXO has topped out at $1.73...

We now have a bearish reversal on the hourly time frame of the candlestick charts...

Expect a bounce today or tomorrow, but I do NOT expect HEXO to move higher than today's high...

Often traders sell on the day before eanings, so it's a huge gamble to hold into earnings on Thursday, June 11, announcement just prior to market open.

Zacks, the no. 1 stock research firm estimates 
Revenue of $14 million, which is only marginally better than the quarter before, 

And Earnings per share ( .05) cents...

I will wait until after earnings, when I expect Hexo's share price to drop to 20 day moving average, which is .92 cents, but will be higher after today's prices and future daily prices are factored into the 20 day moving average..

No reason for Hexo to move up----other than retail HOMO.
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