John Hancock Preferred Income Fund III (HPS)’s Trend Up, Especially After Forming a Wedge Up

June 19, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.22 in Q4 2016. Its down 0.11, from 1.33 in 2016Q3. It fall, as 5 investors sold John Hancock Preferred Income Fund III shares while 13 reduced holdings. 13 funds opened positions while 9 raised stakes. 3.54 million shares or 18.76% more from 2.98 million shares in 2016Q3 were reported.
Cetera Advisor Lc has invested 0.01% in John Hancock Preferred Income Fund III (NYSE:HPS). Northwestern Mutual Wealth Mgmt accumulated 0% or 153 shares. North Star Investment Mgmt Corporation owns 2,070 shares. Captrust Fincl Advisors has 0% invested in John Hancock Preferred Income Fund III (NYSE:HPS). 123,410 were reported by Guggenheim Cap Limited Liability Com. 5,307 are owned by Next Grp. Citigroup Inc accumulated 32,862 shares or 0% of the stock. Capital Invest Lc has 0.09% invested in John Hancock Preferred Income Fund III (NYSE:HPS). Manufacturers Life Ins The invested in 300 shares or 0% of the stock. Cohen And Steers stated it has 0% in John Hancock Preferred Income Fund III (NYSE:HPS). Savings Bank Of America De owns 265,942 shares. The Wisconsin-based Sii Invs Inc Wi has invested 0.02% in John Hancock Preferred Income Fund III (NYSE:HPS). 646,421 are held by Nuveen Asset Mngmt Lc. Old Bank & Trust In holds 15,170 shares. Us State Bank De has invested 0% in John Hancock Preferred Income Fund III (NYSE:HPS).

The stock of John Hancock Preferred Income Fund III (HPS) formed an up wedge with $19.82 target or 3.00 % above today’s $19.24 share price. The 9 months wedge indicates low risk for the $606.52M company. If the $19.82 price target is reached, the company will be worth $18.20 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 18,154 shares traded. John Hancock Preferred Income Fund III (NYSE:HPS) has declined 0.75% since June 19, 2016 and is downtrending. It has underperformed by 17.45% the S&P500.

More notable recent John Hancock Preferred Income Fund III (NYSE:HPS) news were published by: Seekingalpha.com which released: “A Preferred Fund For A Double-Digit Gain” on October 24, 2016, also Seekingalpha.com with their article: “John Hancock Preferred Income Fund II: A Good Or Bad Investment?” published on July 04, 2016, Seekingalpha.com published: “John Hancock Preferred Income Fund III: A Good Or Bad Investment?” on July 13, 2016. More interesting news about John Hancock Preferred Income Fund III (NYSE:HPS) were released by: Marketwatch.com and their article: “19.17” published on June 22, 2011 as well as Seekingalpha.com‘s news article titled: “John Hancock Preferred Income Fund: A Good Or Bad Investment?” with publication date: July 21, 2016.

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