Legg Mason Western Asset High Income Fund $HIX Explosive Move Higher

  • Post category:Stock Trading
  • Reading time:2 mins read
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The Legg Mason Western Asset High Income Fund $HIX stock has exploded higher and has formed a downtrend channel breakout. Many dividend paying income funds have had explosive moves higher over the last couple of weeks.

Legg Mason Western Asset High Income Fund stock chart on November 23 2022 with a downtrend channel breakout pattern on rising money flow and positive MACD
Legg Mason Western Asset High Income Fund stock chart on November 23 2022 with a downtrend channel breakout pattern on rising money flow and positive MACD

The fund offers a leveraged portfolio of high-yield corporate debt securities from both the U.S. and non-U.S. corporations, with strategic allocations to emerging markets and derivatives.

This is the worst fixed-income year in the history of bonds, says JP Morgan’s Phil Camporeale

This is the worst fixed-income year in the history of bonds, says JP Morgan's Phil Camporeale
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