Some Traders Are Very Bearish on Nuveen Credit Opportunities 2022 Target Term Fund (JCO) After Forming Bearish Double Bottom Chart Pattern

July 14, 2018 - By Carol Mulligan

The chart of Nuveen Credit Opportunities 2022 Target Term Fund (JCO) shows a double bottom with $8.61 target or 9.00 % below today’s $9.46 share price. The 5 months chart pattern indicates high risk for the $ company. It was reported on Jul, 14 by Finviz.com. If the $8.61 price target is reached, the company will be worth $ less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.46% or $0.14 during the last trading session, reaching $9.46. About 19,887 shares traded. Nuveen Credit Opportunities 2022 Target Term Fund (NYSE:JCO) has declined 6.87% since July 14, 2017 and is downtrending. It has underperformed by 19.44% the S&P500.

Nuveen Credit Opportunities 2022 Target Term Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The company has market cap of $. The fund is co-managed by Nuveen Fund Advisors, LLC and Symphony Asset Management. It currently has negative earnings. It invests in fixed income markets of the United States.

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