BlackRock MuniYield Quality Fund II, Inc. (MQT) Formed Bearish Multiple Bottom Pattern; Sellers Are Thriving

August 21, 2018 - By Robert Reynolds

Investors sentiment increased to 4.17 in Q1 2018. Its up 1.79, from 2.38 in 2017Q4. It improved, as 2 investors sold BlackRock MuniYield Quality Fund II, Inc. shares while 4 reduced holdings. 8 funds opened positions while 17 raised stakes. 6.27 million shares or 145.58% more from 2.55 million shares in 2017Q4 were reported.
Ameriprise Inc stated it has 23,968 shares. 41,997 were accumulated by Raymond James Fin Advisors. Cohen & Steers reported 0% of its portfolio in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT). Robinson Capital Limited Liability Company invested in 1.74% or 466,975 shares. Karpus Mngmt has 38,439 shares for 0.02% of their portfolio. Morgan Stanley holds 118,410 shares or 0% of its portfolio. Benjamin F Edwards And Incorporated, a Missouri-based fund reported 1,566 shares. Hollencrest Cap has 12,630 shares. Oppenheimer And has invested 0.01% in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT). First Lp holds 0% or 91,527 shares in its portfolio. Wells Fargo And Com Mn, a California-based fund reported 126,947 shares. Rmb Capital Management Limited holds 0% of its portfolio in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) for 13,654 shares. 155,981 were reported by Savings Bank Of America Corp De. Nuveen Asset Mgmt Ltd Liability Company holds 34,321 shares or 0% of its portfolio. Plante Moran Fin Advisors Llc stated it has 376 shares or 0% of all its holdings.

The stock of BlackRock MuniYield Quality Fund II, Inc. (MQT) shows a multiple bottoms pattern with $10.97 target or 9.00 % below today’s $12.06 share price. The 7 months chart pattern indicates high risk for the $272.05 million company. It was reported on Aug, 21 by Finviz.com. If the $10.97 price target is reached, the company will be worth $24.48 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

It closed at $12.06 lastly. It is up 8.04% since August 21, 2017 and is downtrending. It has underperformed by 20.61% the S&P500.

BlackRock MuniYield Quality Fund II, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The company has market cap of $272.05 million. It is managed by BlackRock Advisors, LLC. It has a 38.29 P/E ratio. The fund invests in fixed income markets.

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