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Where Will MFS Intermediate Income Trust (MIN) Stock Go Next After It Has Risen 1.44% in a Week?

Monday, October 03, 2022 03:19 PM | InvestorsObserver Analysts

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Where Will MFS Intermediate Income Trust (MIN) Stock Go Next After It Has Risen 1.44% in a Week?

The market has been high on MFS Intermediate Income Trust (MIN) stock recently. MIN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
MFS Intermediate Income Trust has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MIN!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MIN Stock Today?

MFS Intermediate Income Trust (MIN) stock is trading at $2.82 as of 3:16 PM on Monday, Oct 3, a gain of $0.01, or 0.18% from the previous closing price of $2.81. Volume today is 172,315 compared to average volume of 227,616. The stock has traded between $2.79 and $2.83 so far today.

More About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a diversified closed-end management investment company. The fund's investment objective is to seek high current income, but may also consider capital appreciation. It invests the assets primarily in debt instruments. Its portfolio of investments comprises of different sector investments such as the automotive, chemicals, energy, food and beverages, insurance, and other sectors. Click Here to get the full Stock Report for MFS Intermediate Income Trust stock.

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