Some Traders Are Very Bullish on Guggenheim Strategic Opportunities Fund (GOF) After Forming Bullish Wedge Up Pattern

December 7, 2017 - By Hazel Jackson

Investors sentiment increased to 2.75 in Q2 2017. Its up 0.85, from 1.9 in 2017Q1. It increased, as 1 investors sold Guggenheim Strategic Opportunities Fund shares while 7 reduced holdings. 4 funds opened positions while 18 raised stakes. 2.47 million shares or 6.98% more from 2.31 million shares in 2017Q1 were reported.
Cohen And Steers holds 0.01% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 126,184 shares. Moreover, Commonwealth Equity Service has 0.01% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Sigma Planning Corp, a Michigan-based fund reported 75,700 shares. Usca Ria Ltd Liability Co stated it has 0.44% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Winslow Evans Crocker Incorporated has 600 shares. Manufacturers Life Insurance The accumulated 0% or 1,286 shares. Advisors Asset holds 0.03% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 76,152 shares. Morgan Stanley holds 387,819 shares. Citigroup Inc holds 0% or 3,470 shares. Cambridge Inv Advsr Incorporated stated it has 27,722 shares. Guggenheim Cap Limited Liability Com has invested 0.03% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). 200 were accumulated by Thompson Davis & Inc. Bessemer Grp reported 226,975 shares. Atlantic Tru Grp Limited Liability Com has 29,500 shares for 0% of their portfolio. Planning Corporation reported 0.03% stake.

The stock of Guggenheim Strategic Opportunities Fund (GOF) formed an up wedge with $23.15 target or 7.00 % above today’s $21.64 share price. The 7 months wedge indicates low risk for the $ company. If the $23.15 price target is reached, the company will be worth $ 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%.

It closed at $21.64 lastly. It is up 21.97% since December 8, 2016 and is uptrending. It has outperformed by 5.27% the S&P500.

More notable recent Guggenheim Strategic Opportunities Fund (NYSE:GOF) news were published by: Barrons.com which released: “Guggenheim’s Closed-End GOF Is Up 23%, Big in Bank Loans, ABS” on September 19, 2016, also Nasdaq.com with their article: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” published on July 11, 2017, Nasdaq.com published: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on September 13, 2017. More interesting news about Guggenheim Strategic Opportunities Fund (NYSE:GOF) were released by: Nasdaq.com and their article: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” published on October 11, 2016 as well as Nasdaq.com‘s news article titled: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” with publication date: November 13, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: