Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) Stock Faces Lower Risks Forward After Forming Double Top Chart Pattern

September 17, 2017 - By Vivian Park

Investors sentiment increased to 1.8 in 2016 Q4. Its up 0.73, from 1.07 in 2016Q3. It improved, as 1 investors sold Guggenheim Taxabl Mncpl Mngd Drtn Trst shares while 9 reduced holdings. 8 funds opened positions while 10 raised stakes. 2.13 million shares or 11.57% more from 1.91 million shares in 2016Q3 were reported.
Citigroup owns 30,851 shares. 64,321 are owned by Doliver Cap Advsr. Park Oh owns 12,000 shares. Deutsche Bank & Trust Ag invested in 2,500 shares. Raymond James & Associate accumulated 122,505 shares or 0.01% of the stock. Benjamin F Edwards & Inc accumulated 0% or 500 shares. Moreover, Manufacturers Life Insurance Com The has 0% invested in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) for 3,000 shares. Next Financial Gp reported 200 shares. Commonwealth Equity reported 11,810 shares. Lpl Financial Lc, California-based fund reported 22,566 shares. Signalpoint Asset Mngmt Ltd Liability owns 14,548 shares. Raymond James Fincl stated it has 0% in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB). Stifel Fincl stated it has 49,425 shares. 15,460 are owned by Strategic Wealth Advsr Ltd Liability Corporation. 38,119 are owned by Conning Inc.

The chart of Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) shows a double top with $24.34 target or 6.00 % above today’s $22.96 share price. The 5 months chart pattern indicates low risk for the $399.88 million company. It was reported on Sep, 17 by Finviz.com. If the $24.34 price target is reached, the company will be worth $23.99 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.53% or $0.12 on September 15, reaching $22.96. About 31,595 shares traded or 2.44% up from the average. Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) has declined 1.00% since September 17, 2016 and is downtrending. It has underperformed by 17.70% the S&P500.

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