Monday, March 3, 2014

TCW Emerging Markets Income Fund (TGEIX) - Facing Resistance with Negative Price Action Today

(click charts to enlarge)

TGEIX chart: 1 yr | daily | semi-log

TGEIX Chart: 5 yr (truncated) | daily | semi-log 

As shown on the above two charts, high yield emerging market bond mutual fund (TGEIX) is facing short-term and longer-term resistance along with negative price action today (note: a portion of this may be due to price adjustment associated with a $0.035/share dividend distribution).

Not Investment Advice | Important Disclaimer: 
The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher owned shares of TGEIX at the time this article was published.

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