NB Global Floating Rate Income Fund Ltd

Paterniano Del Favero
Agosto 3, 2017

Shares of NB Global Floating Rate Income Fund (NBLS) traded up 0.26% on Wednesday, hitting GBX 94.90. As a momentum oscillator, the RSI operates in a set range. An oscillator is an indicator that is used as a counter trend showing when the market is overbought or oversold. If the price consistently closes in the upper half of the daily range on high volume the indicator would read above zero and indicates a strong market.

A buy signal occurs when the CMF value crosses from below the 0 line to above the 0 line. At the time of writing, the 14-day ADX for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is noted at 20.55. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would support a strong trend. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Some analysts believe that the ADX is one of the best trend strength indicators available. Studying how markets and prices move may help the investor decide which way is the best way to go.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R.

Nuveen Floating Rate Income Fund's Williams Percent Range or 14 day Williams %R now sits at 0.00. This range falls on a scale between 0 and 100. A reading from -80 to -100 would signal an oversold situation. A value between 0 to -20 would represent a strong overbought condition. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Active investors may choose to use this technical indicator as a stock evaluation tool. The legal version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/03/nuveen-floating-rate-income-fund-announces-monthly-dividend-of-0-07-jfr.html. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. The firm has a 50-day moving average price of GBX 0.97 and a 200 day moving average price of GBX 1.50. Moving averages can be used to help filter out the day to day noise created by other factors. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a daily chart. Nuveen Floating Rate Income Fund has a 1-year low of $10.55 and a 1-year high of $12.34. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The stock market is still producing plenty of green arrows, and investors need to be able to capitalize.

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