Is Wells Fargo Global Dividend Oppty Fund (EOD)’s Fuel Running High? The Stock Formed Bullish Double Top Chart Pattern

September 17, 2017 - By Clifton Ray

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.15, from 0.81 in 2016Q3. It is positive, as 9 investors sold Wells Fargo Global Dividend Oppty Fund shares while 16 reduced holdings. 11 funds opened positions while 13 raised stakes. 11.88 million shares or 23.35% more from 9.63 million shares in 2016Q3 were reported.
Raymond James And Associates owns 34,925 shares. Tci Wealth Advisors invested in 0% or 732 shares. Blue Bell Private Wealth Mngmt Limited Liability Company accumulated 1,273 shares. 97,788 were reported by Oppenheimer &. Wells Fargo And Mn, a California-based fund reported 1,178 shares. Cornerstone Advsr accumulated 807,425 shares. Private Advisor Grp owns 239,680 shares. The New York-based Goldman Sachs has invested 0% in Wells Fargo Global Dividend Oppty Fund (NYSE:EOD). Kcg Hldgs invested in 39,346 shares. Sei Invs holds 0% or 84 shares in its portfolio. Karpus Mngmt has invested 0.21% in Wells Fargo Global Dividend Oppty Fund (NYSE:EOD). Massachusetts-based Commonwealth Equity Service Inc has invested 0% in Wells Fargo Global Dividend Oppty Fund (NYSE:EOD). New York-based Laurion Mgmt Lp has invested 0.02% in Wells Fargo Global Dividend Oppty Fund (NYSE:EOD). Guggenheim Cap Ltd Liability Corporation reported 950,631 shares. Weiss Asset Limited Partnership owns 43,827 shares.

The chart of Wells Fargo Global Dividend Oppty Fund (EOD) shows a double top with $6.71 target or 7.00 % above today’s $6.27 share price. The 9 months chart pattern indicates low risk for the $284.87M company. It was reported on Sep, 17 by Finviz.com. If the $6.71 price target is reached, the company will be worth $19.94 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.79% or $0.05 on September 15, reaching $6.27. About 103,505 shares traded. Wells Fargo Global Dividend Oppty Fund (NYSE:EOD) has risen 6.29% since September 17, 2016 and is uptrending. It has underperformed by 10.41% the S&P500.

More notable recent Wells Fargo Global Dividend Oppty Fund (NYSE:EOD) news were published by: Businesswire.com which released: “Wells Fargo Closed-End Funds Declare Monthly and Quarterly Dividends” on August 11, 2016, also Businesswire.com with their article: “Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions” published on May 17, 2017, Forbes.com published: “3 High-Yielding Funds At Fat Discounts” on January 20, 2016. More interesting news about Wells Fargo Global Dividend Oppty Fund (NYSE:EOD) were released by: Forbes.com and their article: “5 Outrageously Cheap Funds With 11%+ Yields” published on July 25, 2017 as well as Businesswire.com‘s news article titled: “Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions …” with publication date: August 16, 2017.

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