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.

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BLACKROCK Municipal Income TRUST > .87 cents is the next major

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Comment by quinlashon Jun 22, 2020 10:02am

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Post# 31176099

RE:RE:.87 cents is the next major

.87 has not been seen on the stock since May 29th. Since then we have had a number of news releases, some seen as positive, some seen as negative. Investors taking it all in are buying based on what they see as potential for the company going forward and where they see they can get shares at the best price. We may also be seeing margin traders taking the opportunity to buy / cover the shares they shorted in a last ditch effort to get get out of the short position if they now feel that an upward movement in the stock is more likely now than any sizeable downward movement.

As always, The Market is Setting the Price.

Q

Analyste-57 wrote:
As mentioned last week also that, analytically speaking, if the action did not take a position in order to remain above its mm20 and go upwards as a result, it is only the mm50 which could stop the hemorrhage towards bottom .This mm50 was at .87c

All traders know this and are expecting this price firmly in order to make $$$ up.

This obviously is not set in stone but the chances are in favor of that strongly.

My opinion simply already mentioned before