TMCNet:  Uptrend Call Working As PIMCO Floating Rate Income Fund Stock Rises 24.0% (PFL)

[January 23, 2013]

Uptrend Call Working As PIMCO Floating Rate Income Fund Stock Rises 24.0% (PFL)

Jan 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for PIMCO Floating Rate Income Fund (NYSE:PFL) on October 27th, 2011 at $10.70. In approximately 15 months, PIMCO Floating Rate Income Fund has returned 23.98% as of today's recent price of $13.26.


In the past 52 weeks, PIMCO Floating Rate Income Fund share prices have been bracketed by a low of $10.78 and a high of $13.57 and are now at $13.28, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Pimco Floating Rate Income Fund is a diversified, closed-end management investment company incorporated in the USA. The Fund's investment objective seeks high current income, consistent with the preservation of capital. The Fund invests at least 80% of its assets in a diversified portfolio of floating rate debt instruments.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of PIMCO Floating Rate Income Fund shares.Log in and add PIMCO Floating Rate Income Fund (PFL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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