Tuesday, April 29, 2014

Breakouts in Two Large Asset Corporate High Yield Bond Funds (VWEHX & BHYSX)

The following two charts show that two large total asset, no load, corporate high yield bond funds, VWEHX (Vanguard, $16.8 Billion) and BHYSX (Blackrock, $14.2 Billion), have broken above falling resistance lines R1. Rising support lines (S1 and S2) are in place, but are being tested.

(Click Chart to Enlarge)

VWEHX chart: 5yr | daily | semi-log | unadjusted prices  

(Click Chart to Enlarge)

BHYSX chart: 5yr | daily | semi-log | unadjusted prices

Going forward we will be interested to see if support can be maintained and other corporate high yield bond funds can also break through resistance.

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 junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher does not hold positions in either of these funds (BHYSX, VWEHX), but has positions in several other corporate high yield bond funds.

Base Chart Provided Courtesy of StockCharts.com.  Analysis and Annotation by JunkBondRecycling.com (All Rights Reserved)

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