MFS California Municipal Fund (NYSEAMERICAN:CCA) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of MFS California Municipal Fund (NYSEAMERICAN:CCA) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.82 and traded as high as $12.85. MFS California Municipal Fund shares last traded at $12.82, with a volume of 10,500 shares trading hands.

MFS California Municipal Fund Stock Down 0.2%

The firm’s fifty day moving average is $12.82 and its two-hundred day moving average is $12.82.

MFS California Municipal Fund Company Profile

MFS California Municipal Fund (NYSE American: CCA) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-exempt income. The fund principally invests in debt securities issued by municipalities, counties, school districts and other public authorities in the state of California. By concentrating its portfolio on California issuers, the fund offers investors exposure to the state’s revenue and general obligation bonds, while also aiming to mitigate state income tax liability for those who qualify.

The fund’s investment strategy emphasizes diversification across sectors such as transportation, education, healthcare and utilities, selecting primarily investment-grade instruments that meet rigorous credit criteria.