The Chart of the Day belongs to The John Hancock Premium Dividend Fund (PDT). I found the closed end income fund by using Barchart to sort the All Time High list first for the most frequent new highs in the last month, then again for technical buy signals above 80%. I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 1/27 the stock gained 11.71%.
The Fund is a closed-end, diversified management investment company whose investment objective is to provide high current income, consistent with modest growth of capital.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
Fundamental factors:
Leave A Comment