A Reversal for Voya Global Advantage and Prem Oppty Fd (IGA) Is Near. The Formed Bullish Double Top Pattern

June 19, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.21 in 2016 Q4. Its down 1.17, from 2.38 in 2016Q3. It is negative, as 1 investors sold Voya Global Advantage and Prem Oppty Fd shares while 13 reduced holdings. 6 funds opened positions while 11 raised stakes. 4.92 million shares or 1.95% more from 4.82 million shares in 2016Q3 were reported.
Homrich & Berg, a Georgia-based fund reported 24,000 shares. Invesco Ltd stated it has 0% in Voya Global Advantage and Prem Oppty Fd (NYSE:IGA). Wells Fargo And Mn reported 24,354 shares or 0% of all its holdings. Asset Management Inc reported 569,340 shares or 0.09% of all its holdings. Cornerstone Advisors Inc accumulated 29,137 shares. Natl Asset Mgmt Incorporated has invested 0.03% of its portfolio in Voya Global Advantage and Prem Oppty Fd (NYSE:IGA). Rmb Mngmt Ltd Liability Corp stated it has 0.05% in Voya Global Advantage and Prem Oppty Fd (NYSE:IGA). Guggenheim Lc stated it has 0.02% in Voya Global Advantage and Prem Oppty Fd (NYSE:IGA). 128,526 are held by Landscape Capital Management Ltd Liability. Bancshares Of America Corporation De holds 0% or 63,811 shares in its portfolio. 283,889 are held by Citigroup Inc. Kcg has invested 0% in Voya Global Advantage and Prem Oppty Fd (NYSE:IGA). Royal National Bank Of Canada stated it has 0% in Voya Global Advantage and Prem Oppty Fd (NYSE:IGA). National Planning Corporation stated it has 15,974 shares. Northwestern Mutual Wealth Mngmt Company reported 0.02% stake.

The chart of Voya Global Advantage and Prem Oppty Fd (IGA) shows a double top with $11.75 target or 9.00 % above today’s $10.78 share price. The 7 months chart pattern indicates low risk for the $199.46M company. It was reported on Jun, 19 by Finviz.com. If the $11.75 price target is reached, the company will be worth $17.95M more. Double tops are rare but powerful chart patterns.

About 21,595 shares traded. Voya Global Advantage and Prem Oppty Fd (NYSE:IGA) has risen 11.03% since June 19, 2016 and is uptrending. It has underperformed by 5.67% the S&P500.

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