What’s in Guggenheim Strategic Opportunities Fund (GOF) After Forming Wedge Up Pattern?

June 19, 2017 - By Marie Mckinney

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.60, from 1.6 in 2016Q3. It worsened, as 3 investors sold Guggenheim Strategic Opportunities Fund shares while 10 reduced holdings. 4 funds opened positions while 9 raised stakes. 1.72 million shares or 7.46% more from 1.60 million shares in 2016Q3 were reported.
Morgan Stanley holds 0% in Guggenheim Strategic Opportunities Fund (NYSE:GOF) or 300,873 shares. Commonwealth Equity Services owns 54,417 shares. Advsrs Asset Mgmt, a Colorado-based fund reported 25,968 shares. Creative Planning holds 0% or 2,071 shares in its portfolio. Royal Natl Bank Of Canada reported 0% stake. Laurion L P holds 0.03% or 157,768 shares. Thompson Davis Incorporated owns 200 shares. 153,160 were reported by Usca Ria Llc. Raymond James Fincl Advisors Inc has invested 0.01% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Planning has 13,032 shares. Wells Fargo & Mn stated it has 0% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Archford Cap Strategies Ltd Liability accumulated 100 shares. Citigroup invested in 0% or 3,470 shares. Manufacturers Life Ins Commerce The has 0% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 697 shares. Janney Montgomery Scott Ltd Liability owns 0.01% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 42,975 shares.

The stock of Guggenheim Strategic Opportunities Fund (GOF) formed an up wedge with $22.37 target or 6.00 % above today’s $21.10 share price. The 8 months wedge indicates low risk for the $391.25M company. If the $22.37 price target is reached, the company will be worth $23.48M 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 26,406 shares traded. Guggenheim Strategic Opportunities Fund (NYSE:GOF) has risen 21.97% since June 19, 2016 and is uptrending. It has outperformed by 5.27% the S&P500.

More recent Guggenheim Strategic Opportunities Fund (NYSE:GOF) news were published by: Nasdaq.com which released: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on October 11, 2016. Also Nasdaq.com published the news titled: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on April 10, 2017. Nasdaq.com‘s news article titled: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” with publication date: June 12, 2017 was also an interesting one.

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