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Shares of PIMCO Corporate Income Fund (NYSE:PCN) traded at a new 52 week high today of $17.38. Approximately 54,000 shares have traded hands today vs. average 30 day volume of 130,000 shares. PIMCO Corporate Income Fund is currently trading at $17.38, approximately 7.5% above its 50-day moving average of $16.17. SmarTrend will be monitoring shares of PCN to see if this bullish momentum will continue.
In the last five trading sessions, the 50 day MA has climbed 0.61% while the 200-day MA has risen 0.27%. In the past 52 weeks, shares of PIMCO Corporate Income Fund have traded between a low of $12.70 and a high of $17.30 and are now at $17.17, which is 35% above that low price.
SmarTrend currently has shares of PIMCO Corporate Income Fund in an Uptrend and issued the Uptrend alert on January 24, 2011 at $15.99. The stock has risen 6.9% since the Uptrend alert was issued.
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