Shares in the Trader’s Spot light— NexPoint Credit Strategies Fund (NHF)

NexPoint Strategic Opportunities Fund (NYSE: NHF), formerly known as NexPoint Credit Strategies Fund, announced the commencement of a non-transferable rights offering to purchase additional shares of common stock of the Fund (the “Offering”).

The Fund is issuing non-transferable rights (“Rights”) to its common shareholders of record as of May 9, 2018 (the “Record Date” and such shareholders, “Record Date Shareholders”). Record Date Shareholders will receive one Right for each common share held on the Record Date. The Rights will entitle the Record Date Shareholders to purchase one new share of common stock for every three Rights held (1 for 3). The Rights will be mailed to Record Date Shareholders approximately two business days after the Record Date.

Record Date Shareholders who fully exercise their Rights will be entitled to subscribe for additional common shares of the Fund that remain unsubscribed as a result of any unexercised Rights by Record Date Shareholders. In addition, the Fund in its sole discretion may elect to issue additional common shares in an amount up to 25% of the common shares issued in the primary subscription.

NexPoint Credit Strategies Fund (NHF) lost -0.13% with the finishing price of $23.11 in Friday Trading Session. With Latest reduction move, stock price showed -9.87% down in value from one year high price and revealed 8.50% upward in value from its one year low price.

The 0.03% rising picture painted by the trends generated around 20 SMAs. The established market sentiment toward the stock has created a trading environment which can suitably be described as optimistic.

There has been declining move seen around 50 SMAs. The stock price is showing -2.47% distance below 50 SMA. On the surface, it seems as the higher the 50-day moving average goes, the more bullish the market is (and the lower it goes, the more bearish). In practice, however, the reverse is true. The 50-day moving average is perceived to be the dividing line between a stock that is technically healthy and one that is not. Furthermore, the percentage of stocks above their 50-day moving average helps determine the overall health of the market. Many market traders also use moving averages to determine profitable entry and exit points into specific securities.

NexPoint Credit Strategies Fund (NHF) has demonstrated declining trend based on recent movement of 200 SMA with -1.40% during the course of recent market activity. This trend reveals recent direction. The current direction of 200 SMA is downward. When the price over the last 200 days is moving with increasing trend, look for buy opportunities and when it shows decreasing trend the price is below the last 200 days, look for sell opportunities.

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