Mar 08, 2011 (SmarTrend(R) News Watch via COMTEX) -- Shares of Pimco Floating Rate Strategy Fund (NYSE:PFN) are trading up 0.4% to $10.79 today on above average volume. Approximately 296,000 shares have traded hands today vs. average 30-day volume of 232,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of PFN to see if this bullish momentum will continue.
SmarTrend currently has shares of Pimco Floating Rate Strategy Fund in an Uptrend and issued the Uptrend alert on February 18, 2011 at $10.61. The stock has risen 1.2% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 0.43% while the 200-day MA has risen 0.26%.
In the past 52 weeks, shares of Pimco Floating Rate Strategy Fund have traded between a low of $8.24 and a high of $10.80 and are now at $10.75, which is 30% above that low price.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of PFN to see if this bullish momentum will continue.
SmarTrend currently has shares of Pimco Floating Rate Strategy Fund in an Uptrend and issued the Uptrend alert on February 18, 2011 at $10.61. The stock has risen 1.2% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 0.43% while the 200-day MA has risen 0.26%.
In the past 52 weeks, shares of Pimco Floating Rate Strategy Fund have traded between a low of $8.24 and a high of $10.80 and are now at $10.75, which is 30% above that low price.
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