Some Traders Are Very Bullish on Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) After Forming Double Top Pattern

September 14, 2018 - By Robert Shackelford

The chart of Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) shows a double top with $19.86 target or 3.00 % above today’s $19.28 share price. The 5 months chart pattern indicates low risk for the $695.73 million company. It was reported on Sep, 14 by If the $19.86 price target is reached, the company will be worth $20.87 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.57% or $0.11 during the last trading session, reaching $19.28. About 34,586 shares traded. Nuveen Dow 30 Dynamic Overwrite Fund (NYSE:DIAX) has risen 17.59% since September 14, 2017 and is uptrending. It has outperformed by 1.97% the S&P500.

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