RadiSpeculant

$PHK #Long #High #Dividends

Long
NYSE:PHK   PIMCO HIGH INCOME FUND
I think it's a really good moment to buy a hold for a long period. My view is based on the high dividend paid by the closed end fund & technical analysis . From technical analysis point of view it's over sold based on 4h chart mainly and the divergence on CCI and Chaikin Oscillator . From fundamental point of view Z-Score is below -2 for 1/2 year & 1 year, which is something I really like. The only thing that worries me a little is that the fund uses leverage, how ever it's not high (info based on http://www.cefconnect.com) and the fund is focused on Bonds which tend to have lower volatility than stocks in general.

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