PAX Global High Yield Bond Fund (PAXHX), a socially responsible fund, has broken above falling resistance line R1 and is approaching falling resistance line R2, while its price has risen along support line S2. S1 provides underlying longer-term support.
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PAXHX: 5yr | weekly | semi-log | unadjusted prices |
Going forward, in the short-term, we would be interested in whether PAXHX can break above R2 and continue to rise along or above S2.
Base Chart Provided Courtesy of StockCharts.com. Analysis and Annotation by JunkBond Recycling.com (all rights reserved)
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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 has no position in PAXHX or any other global high yield funds.
Financial Disclosure:
The author/publisher has no position in PAXHX or any other global high yield funds.
Base Chart Provided Courtesy of StockCharts.com. Analysis and Annotation by JunkBond Recycling.com (all rights reserved)
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