Traders Are Bearish Nuveen Ohio Quality Municipal I (NUO) After The Stock Formed Bearish Double Bottom Chart Pattern

June 18, 2018 - By Winifred Garcia

Investors sentiment increased to 1.83 in 2018 Q1. Its up 0.16, from 1.67 in 2017Q4. It is positive, as 5 investors sold Nuveen Ohio Quality Municipal I shares while 7 reduced holdings. 11 funds opened positions while 11 raised stakes. 2.11 million shares or 17.56% more from 1.79 million shares in 2017Q4 were reported.
Manufacturers Life Insurance Company The reported 9,762 shares. Benjamin F Edwards & invested 0% of its portfolio in Nuveen Ohio Quality Municipal I (NYSE:NUO). Fiera Capital Corporation invested in 69,385 shares or 0% of the stock. Wesbanco Retail Bank Inc accumulated 13,586 shares. Raymond James And Assocs stated it has 0.01% of its portfolio in Nuveen Ohio Quality Municipal I (NYSE:NUO). Ohio-based Keybank Association Oh has invested 0% in Nuveen Ohio Quality Municipal I (NYSE:NUO). Laurion Capital L P owns 0% invested in Nuveen Ohio Quality Municipal I (NYSE:NUO) for 14,887 shares. Invsts Asset Mgmt Of Georgia Ga Adv stated it has 13,300 shares or 0.13% of all its holdings. James Investment accumulated 5,550 shares or 0% of the stock. Moreover, Stratos Wealth Prns Ltd has 0.01% invested in Nuveen Ohio Quality Municipal I (NYSE:NUO). Wells Fargo Company Mn has invested 0% in Nuveen Ohio Quality Municipal I (NYSE:NUO). Gradient Invests Ltd invested 0% in Nuveen Ohio Quality Municipal I (NYSE:NUO). Fort Washington Inv Advsrs Oh stated it has 46,700 shares. Royal Retail Bank Of Canada holds 2,000 shares. Bank & Trust Of America De accumulated 136,092 shares.

Since May 31, 2018, it had 2 buys, and 0 sales for $421,963 activity.

The chart of Nuveen Ohio Quality Municipal I (NUO) shows a double bottom with $13.22 target or 4.00 % below today’s $13.77 share price. The 6 months chart pattern indicates high risk for the $255.05 million company. It was reported on Jun, 18 by Finviz.com. If the $13.22 price target is reached, the company will be worth $10.20M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.15% or $0.02 during the last trading session, reaching $13.77. About 23,809 shares traded. Nuveen Ohio Quality Municipal I (NYSE:NUO) has declined 8.72% since June 18, 2017 and is downtrending. It has underperformed by 21.29% the S&P500.

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 daily email newsletter.