What’s Propelling AllianceBernstein Natnl Muncpl Incm Fnd. (AFB) to Decrease? The Stock Formed a Double Bottom Pattern

June 19, 2017 - By Nellie Frank

Investors sentiment decreased to 1.26 in Q4 2016. Its down 0.33, from 1.59 in 2016Q3. It turned negative, as 6 investors sold AllianceBernstein Natnl Muncpl Incm Fnd. shares while 13 reduced holdings. 8 funds opened positions while 16 raised stakes. 3.59 million shares or 16.55% more from 3.08 million shares in 2016Q3 were reported.
Landscape Capital Mgmt Lc holds 0.1% in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB) or 54,784 shares. Pnc Finance Svcs Inc invested in 0% or 21,429 shares. Moreover, Wells Fargo And Mn has 0% invested in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB) for 236,014 shares. 44,270 were reported by Arete Wealth Advsrs Limited Liability. Minnesota-based Gradient Investments Ltd Limited Liability Company has invested 0% in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB). Segall Bryant & Hamill Limited Liability Company invested in 0.02% or 47,500 shares. Mcf Advsr Ltd Llc reported 0.01% of its portfolio in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB). Invesco Limited holds 0% or 69,716 shares in its portfolio. Moreover, Whittier Of Nevada has 0% invested in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB) for 2,300 shares. Moreover, Hollencrest Ltd Company has 0.04% invested in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB). Tradewinds Capital Mngmt Limited Liability Co has invested 0.42% in AllianceBernstein Natnl Muncpl Incm Fnd. (NYSE:AFB). Lpl Lc reported 110,108 shares stake. Thomas J Herzfeld Advsr owns 15,655 shares for 0.1% of their portfolio. Bank Of Montreal Can stated it has 7,371 shares. 18,000 were reported by Oppenheimer And.

The chart of AllianceBernstein Natnl Muncpl Incm Fnd. (AFB) shows a double bottom with $12.71 target or 7.00 % below today’s $13.67 share price. The 6 months chart pattern indicates high risk for the $392.37 million company. It was reported on Jun, 19 by Finviz.com. If the $12.71 price target is reached, the company will be worth $27.47 million less. Double bottoms are rare but powerful chart patterns.

It closed at $13.67 lastly. It is down 7.26% since June 19, 2016 and is downtrending. It has underperformed by 23.96% the S&P500.

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