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Could BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) Go Down? The Stock Formed Double Bottom Chart Pattern

Investors sentiment increased to 2.22 in Q2 2018. Its up 1.08, from 1.14 in 2018Q1. It is positive, as 3 investors sold BlackRock MuniHoldings New York Quality Fund, Inc. shares while 6 reduced holdings. 9 funds opened positions while 11 raised stakes. 3.33 million shares or 27.17% more from 2.62 million shares in 2018Q1 were reported.
Wells Fargo And Mn holds 101,066 shares or 0% of its portfolio. Morgan Stanley accumulated 845,052 shares. Raymond James Fincl Advsrs owns 23,231 shares for 0% of their portfolio. Wolverine Asset Mngmt Ltd holds 185,178 shares. Community Comml Bank Na reported 0.01% of its portfolio in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN). Private Advisor Grp Limited Liability Corp reported 18,850 shares stake. 1,350 were accumulated by First Manhattan. Laurion L P reported 169,507 shares. Credit Suisse Ag invested in 0% or 14,000 shares. Tower Rech Cap Lc (Trc) reported 1,055 shares. Karpus Mngmt stated it has 0.09% of its portfolio in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN). Commercial Bank Of America De invested 0% of its portfolio in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN). Moreover, Cohen Steers Inc has 0% invested in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN). Horizon Kinetics Limited Liability stated it has 10,840 shares. Moreover, Landscape Ltd Company has 0.03% invested in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN).

The chart of BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) shows a double bottom with $11.19 target or 6.00 % below today’s $11.90 share price. The 9 months chart pattern indicates high risk for the $370.47M company. It was reported on Nov, 10 by Finviz.com. If the $11.19 price target is reached, the company will be worth $22.23M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.25% or $0.03 during the last trading session, reaching $11.9. About 44,263 shares traded. BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) has declined 15.91% since November 10, 2017 and is downtrending. It has underperformed by 31.53% the S&P500.

Another recent and important BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) news was published by Seekingalpha.com which published an article titled: “BlackRock declares monthly distribution on funds” on November 05, 2018.

BlackRock MuniHoldings New York Quality Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The company has market cap of $370.47 million. It is managed by BlackRock Advisors, LLC. It has a 20.91 P/E ratio. The fund invests in fixed income markets.

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