PML Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of PIMCO Municipal Income Fund II (PML) crossed below their 200 day moving average of $11.79, changing hands as low as $11.75 per share. PIMCO Municipal Income Fund II shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of PML shares, versus its 200 day moving average:

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PIMCO Municipal Income Fund II 200 Day Moving Average Chart

Looking at the chart above, PML's low point in its 52 week range is $10.24 per share, with $12.30 as the 52 week high point — that compares with a last trade of $11.80.

According to the ETF Finder at ETF Channel, PML makes up 1.25% of the CEF Municipal Income ETF ( XMPT) which is trading lower by about 0.2% on the day Friday.

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