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Blackrock Floating Rate Income Strategies Fund Inc (FRA) - Buy, Sell or Hold?

Sector: Funds/Trusts
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 21 Sep 2017NoneDojiFri, 25 Aug 2017-0.64%
***Stock database and scans are updated around midnight (New York time) every trading day.
14.12 0.00 (0%) Sep 22 4:02pm EDT
Open: 13.97 Range: 13.97 - 14.15 Vol: 187.21K Avg Vol: 148.13K
EPS: 1.89 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "FRA" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 13.92
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 14.01
Last Trade is above the 50 day moving average at 14.07
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 14.33
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FRA

Stock Trend Analysis - Buy, Sell or Hold "Blackrock Floating Rate Income Strategies Fund Inc" (FRA)?

FRA is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that FRA has been range bound with a slight upward bias, having traded above the 200 SMA about 73% of the time. The medium term trend for FRA is extremely bearish and weak, having traded almost 88% of the time below the 50 day moving average. The 20 day moving average is indicating range bound trading, also with a bearish bias. Objectively, as long as FRA is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 14.33. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FRA".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 21 Sep 2017
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