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On Barchart Portfolio Blogs I bring to your attention stocks you might want to consider for your portfolio. I'm adding Colonial High Income (NYSE:CXE) to the Barchart Van Meerten Speculative portfolio for price appreciation reasons.

COLONIAL HIGH INCOME MUNICIPAL TRUST (CXE) is a closed-end, diversified management investment company, whose investment objective is to provide high current income, generally exempt from Federal income taxes.

Recently many of the high income closed end funds had a run-up in price and I'll stay on the ride as long as it lasts.

CXE hit 18 new highs in the last 20 sessions including 5 for 5 recently. The stock had a 5.54% price appreciation last month and pays a 7.50% dividend that is Federally tax exempt. It has a 96% Barchart technical buy and a Trend Spotter buy signal. You can buy around 5.09 with a 4.97 50 day moving average for a suggested stop loss.

Investor sentiment is very split on this stock because investors can't decide if it's a price momentum play or a time to pick up a great dividend in a weak market. I say both, so let's hold on to it for a little while but monitor the price closely.

Disclosure: No position in CXE at trhe time of publication.

Source: Why I Like Colonial High Income Municipal Trust