Is This Stock a Screaming Buy: Fiduciary/Claymore MLP Opportunity Fund (NYSE:FMO)

Equity Research firms currently have a positive stance on shares of Fiduciary/Claymore MLP Opportunity Fund (NYSE:FMO). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $27.00 on a short term basis.

At the time of writing, the stock was trading at $15.56. This represents a change from the opening price of 0.26%. In terms of performance, year to date, the stock is 33.79%. The monthly stock performance comes in at 1.37%. For the quarter, shares are performing at 18.87%. Weekly performance analysis shows the equity at -1.27%.

In taking a look at technical levels, shares are trading 4.61% away from the 50 day simple moving average and 28.06% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.92% away from it’s 52- week high and 113.23% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Fiduciary/Claymore MLP Opportunity Fund’s RSI stands at 57.64. In looking at volatility levels, the shares saw weekly volatility of 1.62% and 1.93% over the past month.

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