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  • Are Preferreds Staging a Comeback? [View article]
    I agree with the authors insight. Preferred's are indeed coming back.

    Investment grade corporates have already come back. Look at the chart of LQD. Very bullish. The prices are tracking at the upper bounds of the bollinger bands - strongly rising volume. LQD made a triple bottom in the Sept - Oct period (but stayed strong in Nov). My price target is 110 for LQD in Q1.

    PFF seems to be following LQD's bullish pattern - but a month or two behind. I am looking at price target of 40 by Q2.

    Same with HYG (high yeild corporates) which is exhibiting a strongly bullish pattern.
    Dec 27 13:20 pm |Rating: 0 0
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