Friday, December 19, 2014

Corporate High Yield Bond Funds (HYG, NHINX) Rally Off Weekly Support

The two charts (weekly closing prices) below show that corporate high yield bond ETF HYG and mutual fund NHINX both rallied off support.  The rally started mid-week.  Both funds were in/near oversold conditions based on RSI (upper part of charts) when the rally began.

Click Chart to Enlarge

Click Chart to Enlarge

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 has positions in several corporate high yield bond funds at the time this article was written.

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