Cohen & Steers Infrastructure Fund, Inc (UTF) Forms Ascending Triangle Pattern; Strong Momentum for Sellers

December 8, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.27 in 2017 Q2. Its down 0.06, from 1.33 in 2017Q1. It dropped, as 10 investors sold Cohen & Steers Infrastructure Fund, Inc shares while 23 reduced holdings. 11 funds opened positions while 31 raised stakes. 14.32 million shares or 3.90% less from 14.90 million shares in 2017Q1 were reported.
First Advisors Limited Partnership invested in 46,709 shares. Sandy Spring Commercial Bank stated it has 0.01% of its portfolio in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Meridian Invest Counsel Inc invested in 33,556 shares or 0.47% of the stock. Ntv Asset Llc holds 0.08% of its portfolio in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) for 10,720 shares. Atlanta Capital Grp Inc holds 0.04% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) or 10,000 shares. 52,990 were reported by Rathbone Brothers Pcl. Moreover, Fifth Third National Bank has 0% invested in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Wfg Advisors Lp invested in 0.04% or 7,150 shares. Ancora Lc invested 0.05% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Grt reported 0.15% of its portfolio in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Benjamin F Edwards invested in 7,005 shares. Edge Wealth Management Ltd Liability Corporation reported 2,000 shares. Hightower Advsr Llc stated it has 11,815 shares. Royal Bancorp Of Canada invested in 356,899 shares or 0% of the stock. Ruggie Cap Gp has 5,800 shares for 0.09% of their portfolio.

The stock of Cohen & Steers Infrastructure Fund, Inc (UTF) formed an ascending triangle with $21.90 target or 6.00 % below today’s $23.30 share price. The 8 months triangle pattern indicates high risk for the $1.99B company. If the $21.90 price target is reached, the company will be worth $119.28 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.09% or $0.02 during the last trading session, reaching $23.3. About 127,158 shares traded. Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) has risen 17.27% since December 8, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.

Another recent and important Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) news was published by Nasdaq.com which published an article titled: “Cohen & Steers Infrastructure Fund, Inc (UTF) Ex-Dividend Date Scheduled for …” on November 13, 2017.

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