Allspring Income $EAD Three Inside Up Pattern On Downtrend Channel Break

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The Allspring Income Fund $EAD formed a bullish Three Inside Up pattern last week before breaking out above downtrend channel wall resistance.

A bullish Three Inside Up pattern formed on the chart last week (marked with red up arrow on the chart below). The stock also did a downtrend channel breakout on rapidly rising money flow and a positive MACD.

Allspring Income Opportunities Fund stock chart on November 19 2022 with bullish Three Inside Up candlestick pattern on downtrend channel wall break with positive MACD and money flow
Allspring Income Opportunities Fund stock chart on November 19 2022 with bullish Three Inside Up candlestick pattern on downtrend channel wall break with positive MACD and money flow

The Allspring Income Opportunities Fund $EAD pays an annual dividend yield of 10.4%. The dividend is paid monthly, with a current payout of $0.05357 per share as of November 19, 2022. The fund invests in fixed income markets in the United States. It invests primarily in low investment grade debt securities, high yield debt securities, loans and preferred stocks rated Ba or lower by Moody’s Investors Service or BB or lower by Standard & Poors Ratings Group.

Dark Pool Selling Back In March 2022

Dark pool selling occurred in $EAD stock on March 8, 2022. The unusual dark pool trade was valued at $7.7 million and occurred when the stock was trading at $7.80. We think the dark pool trade was selling because of how $EAD stock fell following the print hitting the tape.

Allspring Income Opportunities Fund stock chart on November 19 2022 with an unusual dark pool trade in March 2022 shown with orange bar
Allspring Income Opportunities Fund stock chart on November 19 2022 with an unusual dark pool trade in March 2022 shown with orange bar

Big into bonds: the largest actively-managed ETF

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