Can Blackrock Maryland Municipal Bond Trust (BZM)’s Tomorrow be Different? The Stock Formed a Double Bottom Chart Pattern

June 19, 2017 - By Migdalia James

The chart of Blackrock Maryland Municipal Bond Trust (BZM) shows a double bottom with $13.60 target or 9.00 % below today’s $14.95 share price. The 6 months chart pattern indicates high risk for the $31.21M company. It was reported on Jun, 19 by Finviz.com. If the $13.60 price target is reached, the company will be worth $2.81 million less. Double bottoms are rare but powerful chart patterns.

It closed at $14.95 lastly. It is down 6.95% since June 19, 2016 and is downtrending. It has underperformed by 23.65% the S&P500.

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