Putnam Premier Income Trust Breaks Above 200-Day Moving Average - Bullish For PPT

In trading on Wednesday, shares of Putnam Premier Income Trust (PPT) crossed above their 200 day moving average of $5.40, changing hands as high as $5.41 per share. Putnam Premier Income Trust shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of PPT shares, versus its 200 day moving average:

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Putnam Premier Income Trust 200 Day Moving Average Chart

Looking at the chart above, PPT's low point in its 52 week range is $5.11 per share, with $5.69 as the 52 week high point — that compares with a last trade of $5.41.

According to the ETF Finder at ETF Channel, PPT makes up 1.10% of the CEF Income Composite Portfolio ETF ( PCEF) which is trading lower by about 0.2% on the day Wednesday.

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