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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

Post by Bullchart1on Jun 09, 2020 1:14pm
295 Views
Post# 31129390

Anyone see what the sector is doing just now?

Anyone see what the sector is doing just now?Canopy just broke out of yesterday high along with APHA, OGI and others as the DOW moved past the day downtrend. 

The candle pattern yesterday and today is so far identical to Mar 26 and Mar 27. What many fail to see is the Mar move streatched back to Mar 18 and gave nearly a 375% 7 day leg up. 

This leg is from Jun 2. on a 5 day and less than a 200% move. The 1.73 high and 1.40 lows are matching but don't expect the close to match (1.53) because this leg vol is over twice as much. Just saying, money is moving into this beat up sector. Still expect this leg will be in the 3.00 range before all said and done. 
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