A Reversal for BlackRock MuniYield Investment Fund (MYF) Is Near. The Formed Bullish Descending Triangle

July 13, 2018 - By Patrick Harkless

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.53, from 1.33 in 2017Q4. It is negative, as 3 investors sold BlackRock MuniYield Investment Fund shares while 7 reduced holdings. 4 funds opened positions while 4 raised stakes. 1.09 million shares or 20.45% more from 904,415 shares in 2017Q4 were reported.
Johnson Inv Counsel stated it has 0% of its portfolio in BlackRock MuniYield Investment Fund (NYSE:MYF). 25,400 are owned by Van Eck Associates Corporation. Moreover, Alliancebernstein Limited Partnership has 0% invested in BlackRock MuniYield Investment Fund (NYSE:MYF) for 13,189 shares. Moreover, Nuveen Asset Mngmt Limited Liability Corp has 0% invested in BlackRock MuniYield Investment Fund (NYSE:MYF). Moreover, Hightower Limited Liability Corp has 0% invested in BlackRock MuniYield Investment Fund (NYSE:MYF). Carroll Assocs reported 0% stake. M&T Bancorporation accumulated 0% or 10,208 shares. Fifth Third Bank & Trust stated it has 19,400 shares. Morgan Stanley reported 0% in BlackRock MuniYield Investment Fund (NYSE:MYF). Susquehanna International Group Llp stated it has 0% of its portfolio in BlackRock MuniYield Investment Fund (NYSE:MYF). Guggenheim Capital Ltd Llc holds 0% or 71,333 shares. Royal Fincl Bank Of Canada holds 16,264 shares or 0% of its portfolio. Wolverine Asset Mngmt Limited Co holds 0.01% or 67,182 shares. Stratos Wealth Ptnrs holds 0% of its portfolio in BlackRock MuniYield Investment Fund (NYSE:MYF) for 5,575 shares. Raymond James And Associates stated it has 25,467 shares.

The stock of BlackRock MuniYield Investment Fund (MYF) formed a descending triangle with $14.56 target or 7.00 % above today’s $13.61 share price. The 8 months triangle pattern indicates low risk for the $186.38 million company. If the $14.56 price target is reached, the company will be worth $13.05M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.22% or $0.0294 during the last trading session, reaching $13.6065. About 43,406 shares traded or 34.93% up from the average. BlackRock MuniYield Investment Fund (NYSE:MYF) has declined 11.68% since July 13, 2017 and is downtrending. It has underperformed by 24.25% the S&P500.

BlackRock MuniYield Investment Fund is a closed ended fixed income launched by BlackRock, Inc. The company has market cap of $186.38 million. It is managed by BlackRock Advisors, LLC. It has a 21.63 P/E ratio. The fund invests in fixed income markets.

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 FREE daily email newsletter.