Nuveen Texas Quality Municipal Income Fund (NTX)’s Trend Down, Especially After Forming a Ascending Triangle

December 8, 2017 - By Louis Casey

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.20, from 1 in 2017Q1. It increased, as 1 investors sold Nuveen Texas Quality Municipal Income Fund shares while 4 reduced holdings. 3 funds opened positions while 3 raised stakes. 260,669 shares or 23.36% less from 340,124 shares in 2017Q1 were reported.
Atlanta Cap Gp has 0.08% invested in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) for 33,621 shares. Cap Fincl Advisers Ltd Com has invested 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Lpl Fincl Ltd Co accumulated 18,375 shares or 0% of the stock. Pnc Gp reported 1,000 shares. Bankshares Of America De has 0% invested in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) for 3,559 shares. Fiera invested in 0% or 38,276 shares. Rmb Mgmt Ltd Llc has invested 0.01% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). The Ohio-based Fort Washington Advsr Inc Oh has invested 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Fruth Inv Mgmt has invested 0.12% of its portfolio in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). The New York-based Morgan Stanley has invested 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Manufacturers Life Insurance The, Ontario – Canada-based fund reported 1,517 shares. Whittier Tru holds 0.01% of its portfolio in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) for 10,070 shares. Moreover, Advisory Svcs Ntwk Ltd has 0% invested in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Whittier Trust Of Nevada holds 0.05% of its portfolio in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) for 38,666 shares. Wells Fargo And Mn invested in 8,892 shares or 0% of the stock.

The stock of Nuveen Texas Quality Municipal Income Fund (NTX) formed an ascending triangle with $13.11 target or 9.00 % below today’s $14.41 share price. The 9 months triangle pattern indicates high risk for the $144.49M company. If the $13.11 price target is reached, the company will be worth $13.00M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.62% or $0.09 during the last trading session, reaching $14.41. About 10,857 shares traded. Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) has declined 4.02% since December 8, 2016 and is downtrending. It has underperformed by 20.72% the S&P500.

More important recent Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) news were published by: Businesswire.com which released: “Several Nuveen Closed-End Funds Announce Fund Name Changes” on November 17, 2016, also Investorplace.com published article titled: “3 High-Yield Closed-End Funds for Tax-Free Income”, Marketwatch.com published: “Nuveen Texas Quality Municipal Income Fund” on June 13, 2011. More interesting news about Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) was released by: Forbes.com and their article: “How To Get 5% Dividends Tax Free” with publication date: September 24, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: