BlackRock MuniHoldings Quality Fund, Inc. (MUS)’s Bearish Wedge Down Points to Higher Stock Risks

November 10, 2018 - By Hazel Jackson

Investors sentiment decreased to 0.75 in 2018 Q2. Its down 0.81, from 1.56 in 2018Q1. It fall, as 3 investors sold BlackRock MuniHoldings Quality Fund, Inc. shares while 9 reduced holdings. 1 funds opened positions while 8 raised stakes. 1.26 million shares or 24.09% less from 1.67 million shares in 2018Q1 were reported.
Moreover, Wells Fargo And Co Mn has 0% invested in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS). Nuveen Asset Mngmt Ltd Limited Liability Company has 34,869 shares for 0% of their portfolio. 27,152 are held by First Tru Advisors Limited Partnership. Archford Cap Strategies Ltd Liability Company stated it has 1,800 shares or 0.01% of all its holdings. Ameriprise Financial Incorporated has 0% invested in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS) for 10,600 shares. Goodwin Daniel L holds 0.32% of its portfolio in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS) for 56,032 shares. 53,336 were reported by Invesco Ltd. Advisors Asset reported 0.04% in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS). Pennsylvania-based Pnc Fin Services has invested 0% in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS). Morgan Stanley has invested 0% in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS). Cohen Steers Inc has 44,619 shares. Sit Invest Assocs, Minnesota-based fund reported 317,342 shares. 3,920 are owned by Citigroup. 10,600 were reported by Benjamin F Edwards Co Inc. National Bank Of America De has invested 0% of its portfolio in BlackRock MuniHoldings Quality Fund, Inc. (NYSE:MUS).

The stock of BlackRock MuniHoldings Quality Fund, Inc. (MUS) formed a down wedge with $10.59 target or 6.00 % below today’s $11.27 share price. The 6 months wedge indicates high risk for the $146.72 million company. If the $10.59 price target is reached, the company will be worth $8.80 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

It closed at $11.27 lastly. It is up 15.11% since November 10, 2017 and is downtrending. It has underperformed by 30.73% the S&P500.

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