Economy

Trading Spotter: Tracking Shares of Eaton Vance Ohio Muni Bond Fund (EIO)

Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time.

(NYSE:EVN) shares saw light trading volume with 2,021 shares changing hands by the end of trading on Friday. The RSI operates in a range-bound area with values between 0 and 100.

Taking a peek at some Moving Averages, the 200-day is at 13.95, the 50-day is 14.00, and the 7-day is sitting at 13.98. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. Moving averages can help spot trends and price reversals. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Eaton Vance Ltd Duration Income Fund has a 52-week low of $12.82 and a 52-week high of $14.25.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend.

Garner Asset Management Corp acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. Despite the name, CCI can be used on other investment tools such as stocks. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal. In general, a rising ADX line means that an existing trend is gaining strength. The 50 day moving average moved down $-0.05 and the 200 day average was up $0.03. As a momentum indicator, the Williams R% has the ability to be used with other technicals to help define a specific trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Eaton Vance Massachusetts Muni Income Trust (MMV) is sitting at -107.54. Normal oscillations tend to stay in the range of -100 to +100. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices.



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