Blackrock Massachusetts Tax-Exempt Trust (MHE) stock has risen 1.19% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With MHE Stock Today?
Blackrock Massachusetts Tax-Exempt Trust (MHE) stock is down -1.2% while the S&P 500 is higher by 0.5% as of 10:56 AM on Thursday, Jul 2. MHE is down -$0.15 from the previous closing price of $12.95 on volume of 22,673 shares. Over the past year the S&P 500 has risen 4.80% while MHE is down -2.66%. MHE earned $1.68 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.62.
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More About Blackrock Massachusetts Tax-Exempt Trust
BlackRock Massachusetts Tax-Exempt Trust is a closed-end management investment company. Its objective is to provide shareholders with as high a level of income exempt from both regular federal income taxes and Massachusetts personal income taxes. The trust invests primarily in long-term municipal obligations with maturities of more than ten years.
