Momentum Stock Watch: Eaton Vance Limited Duration Income Fund (EVV)

Company Profile:

Eaton Vance Limited Duration Income Fund is a closed-end investment management firm. The Fund’s investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its primary goal of high current income. The Fund invests primarily in mortgage-backed securities. For the 12-month period ended March 31, 2014, the Fund had total returns of 6.5% at net asset value a

Recent News:

Eaton Vance Limited Duration Income Fund (EVV) is performing above average with a weekly performance of 0.08% moving into this week with a quarterly performance of -3.28% and a 52 week low of 19.27%.

EVBLX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 1.35%, 3 year 3.42%, and 5 year 4.32%.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

EVV’s strengths can be seen in its strong growth and robust solvency. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI is increasing to 46.99. We rate Eaton Vance Limited Duration Income Fund (EVV) a Strong BUY.