Wednesday, December 30, 2015

High Yield Muni Bond ETF (HYD) Breaks Out of Pennant Pattern (daily chart)

click chart to enlarge

We pointed out in a previous post that a high yield muni MUTF (PYMDX) had a number of breakouts above resistance.  

Now as shown in the above daily chart, the high yield muni ETF, HYD, has broken up out of a large pennant pattern. 

Please remember that this is not investment advice. You alone are responsible for your investment decisions. See disclaimers below and elsewhere on this website.

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 a long position in high yield muni bonds at the time this article was written. This position may change depending on future price action.

Base Chart Provided Courtesy of  Analysis and Annotation by JunkBond (all rights reserved)

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