Nuveen Texas Quality Municipal Income Fund (NTX) Stock Formed Bullish Multiple Top Pattern. What To Expect?

February 12, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.57 in Q3 2017. Its down 0.63, from 1.2 in 2017Q2. It dived, as 3 investors sold Nuveen Texas Quality Municipal Income Fund shares while 4 reduced holdings. 1 funds opened positions while 3 raised stakes. 211,161 shares or 18.99% less from 260,669 shares in 2017Q2 were reported.
Royal Savings Bank Of Canada holds 731 shares or 0% of its portfolio. United Capital Fincl Advisers Ltd Liability Company invested 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Whittier Trust Of Nevada holds 0.05% or 38,666 shares. Advisory Svcs Network Limited Liability owns 113 shares. Fifth Third Bank holds 0% of its portfolio in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) for 500 shares. Pennsylvania-based Pnc Financial Grp Inc has invested 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Mufg Americas reported 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Commercial Bank Of America De holds 0% or 2,097 shares. 21,500 are owned by Fort Washington Advsrs Inc Oh. 17,300 are owned by Fruth Investment Mgmt. Acg Wealth reported 33,621 shares or 0.09% of all its holdings. Morgan Stanley invested in 0% or 5,399 shares. Wells Fargo & Mn holds 0% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) or 8,893 shares. Whittier Trust stated it has 0.01% in Nuveen Texas Quality Municipal Income Fund (NYSE:NTX). Manufacturers Life Insurance The accumulated 1,517 shares.

The stock of Nuveen Texas Quality Municipal Income Fund (NTX) shows a multiple tops pattern with $14.57 target or 8.00 % above today’s $13.49 share price. The 5 months chart pattern indicates low risk for the $135.27M company. It was reported on Feb, 12 by Finviz.com. If the $14.57 price target is reached, the company will be worth $10.82 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.15% or $0.02 during the last trading session, reaching $13.49. About 28,197 shares traded or 59.88% up from the average. Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) has declined 4.02% since February 12, 2017 and is downtrending. It has underperformed by 20.72% the S&P500.

More notable recent Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) news were published by: Nasdaq.com which released: “Nuveen Texas Quality Income Municipal Fund (NTX) Ex-Dividend Date Scheduled …” on February 11, 2013, also Marketwatch.com with their article: “Nuveen Texas Quality Municipal Income Fund” published on October 25, 2016, Investorplace.com published: “3 High-Yield Closed-End Funds for Tax-Free Income” on August 28, 2017. More interesting news about Nuveen Texas Quality Municipal Income Fund (NYSE:NTX) were released by: Forbes.com and their article: “How To Get 5% Dividends Tax Free” published on September 24, 2016 as well as Investorplace.com‘s news article titled: “3 Closed-End Funds to Buy for Super-Sized Yields” with publication date: November 13, 2017.

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