Ripe for A Big Move? Update on Nuveen New York Municipal Value Fund, Inc. (NYSE:NNY)

Nuveen New York Municipal Value Fund, Inc. (NYSE:NNY) are valued at $9.81 at the time of writing and have moved -0.43% since the open.  Smart investors often look for value stocks with upside potential.  While this stock is priced cheaply, it’s important to determine if there is any actual value.

Let’s take a quick look at how the price of Nuveen New York Municipal Value Fund, Inc. (NYSE:NNY) is currently trading in comparison to some of its simple moving averages. At current levels, shares have been seen trading -1.85% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 0.18%. Using a broader approach, the stock has been trading 4.29% off of the 200-day moving average. After the latest check-in, shares are -4.32% off of the 50 day high and 4.12% away from the 50 day low number.

Investors may be looking into the crystal ball trying to calculate where the equity market will be shifting as we move into the second half of the year. Investors may be hard pressed to find bargains with the markets still riding high. Sometimes, keeping it simple may be exactly what the doctor ordered when approaching the markets. Focusing on relevant data instead of information that breezes through may make a huge difference for the individual investor. Focusing on companies that have strong competitive advantages may help fight off unwelcome surprises that often come with uncertain economic landscapes. Focusing on the long-term might be right for some investors. Developing a good safety margin may also help keep the important investing factors in focus. Covering all the bases may help increase the odds of success when trading equities.

In terms of performance, shares of Nuveen New York Municipal Value Fund, Inc. (NYSE:NNY) are 2.70% since the start of 2016. Over the past week, shares are -1.82%. Moving out to look at the previous month performance, the stock is at 1.01%. For the quarter, performance is at 2.27%. During the past six months, Nuveen New York Municipal Value Fund, Inc. (NYSE:NNY)’s stock has been 6.61% and 7.54% for the last 12 months.

Investors often have to decide how aggressive they are going to be in the stock market. Having the mindset of getting rich quick may result in the rapid loss of capital. Of course, there are those who have possibly had luck on their side, but jumping in head first without a plan can be a recipe for disaster. It may be tempting to take a leap with a risky stock. However, high returns in the equity market may come with extensive risk and volatility. Managing that risk in turbulent markets may help keep the average investor above water when things swing the wrong way. Investors may want to assess if they are trading too much or trading the wrong types of stocks. Doing all the research may involve keeping a close tab on technicals, fundamentals, relevant economic data, and earnings reports. Investors may have to find a way to keep the rational side from being consumed by irrational behavior when analyzing the markets.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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