Is This Stock a Screaming Buy: Nuveen North Carolina Premium Income Municipal Fund (NYSE:NNC)

Equity Research firms currently have a positive stance on shares of Nuveen North Carolina Premium Income Municipal Fund (NYSE:NNC). 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 $17.82 on a short term basis.

At the time of writing, the stock was trading at $13.97. This represents a change from the opening price of -0.04%. In terms of performance, year to date, the stock is 6.49%. The monthly stock performance comes in at -5.93%. For the quarter, shares are performing at -6.56%. Weekly performance analysis shows the equity at -2.11%.

In taking a look at technical levels, shares are trading -4.23% away from the 50 day simple moving average and -1.13% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -7.11% away from it’s 52- week high and 10.00% 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, Nuveen North Carolina Premium Income Municipal Fund’s RSI stands at 29.53. In looking at volatility levels, the shares saw weekly volatility of 0.97% and 1.15% over the past month.

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