Is Buying CBRE Clarion Global Real Estate Incm Fd (IGR) Here a Winning Strategy? The Stock Formed Bullish Wedge Up Chart Pattern

September 17, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.14 in Q4 2016. Its down 0.04, from 1.18 in 2016Q3. It turned negative, as 13 investors sold CBRE Clarion Global Real Estate Incm Fd shares while 24 reduced holdings. 15 funds opened positions while 27 raised stakes. 23.15 million shares or 8.07% more from 21.42 million shares in 2016Q3 were reported.
Northwestern Mutual Wealth Mngmt Company accumulated 8,195 shares. Boothbay Fund Mgmt Lc reported 0.05% in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Keybank National Association Oh owns 13,938 shares for 0% of their portfolio. Montecito National Bank And has 0% invested in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Fifth Third Bank & Trust reported 2,000 shares. Regions Financial owns 20,591 shares. Doliver Cap Advsrs stated it has 1.65% in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Moreover, Raymond James Inc has 0.01% invested in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) for 229,312 shares. Raymond James & Associates stated it has 0% of its portfolio in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Manufacturers Life Ins The owns 567 shares or 0% of their US portfolio. Hl Fincl Services Lc holds 0.02% or 107,108 shares. Da Davidson & owns 12,200 shares. Cornerstone Advsr has 1.22M shares for 1.64% of their portfolio. Two Sigma Limited Liability Com, New York-based fund reported 25,190 shares. Tfs Capital Limited Company has invested 0.09% of its portfolio in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR).

The stock of CBRE Clarion Global Real Estate Incm Fd (IGR) formed an up wedge with $8.11 target or 3.00 % above today’s $7.87 share price. The 6 months wedge indicates low risk for the $917.57M company. If the $8.11 price target is reached, the company will be worth $27.53 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%.

The stock decreased 0.51% or $0.04 on September 15, reaching $7.87. About 237,856 shares traded. CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) has declined 3.62% since September 17, 2016 and is downtrending. It has underperformed by 20.32% the S&P500.

More important recent CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) news were published by: Businesswire.com which released: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Board of Trustees …” on February 29, 2016, also Businesswire.com published article titled: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly …”, Seekingalpha.com published: “CBRE Clarion Global Real Estate Income Fund: Only Half A World Away” on February 05, 2016. More interesting news about CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) was released by: Investorplace.com and their article: “3 CEFs With Growth and Yield (NRO, IGR, JRS)” with publication date: October 11, 2016.

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