Is Major Move Coming For Center Coast MLP & Infrastructure Fund (CEN) After This Wedge Down Chart Pattern?

December 13, 2017 - By Kurt Siggers

Investors sentiment decreased to 1.75 in 2017 Q2. Its down 1.25, from 3 in 2017Q1. It dropped, as 3 investors sold Center Coast MLP & Infrastructure Fund shares while 5 reduced holdings. 6 funds opened positions while 8 raised stakes. 3.97 million shares or 1.48% more from 3.91 million shares in 2017Q1 were reported.
Raymond James & Assoc invested in 0% or 75,194 shares. Whittier Trust Company reported 51 shares. Wells Fargo Mn owns 177,129 shares. Architects Incorporated reported 200 shares. Cambridge Invest Rech Advsrs invested in 188,738 shares or 0.03% of the stock. New York-based Morgan Stanley has invested 0% in Center Coast MLP & Infrastructure Fund (NYSE:CEN). Northern Capital Management Lc reported 14,825 shares or 0.06% of all its holdings. 78 are held by Citigroup. Royal Fincl Bank Of Canada invested in 5,250 shares. Northwestern Mutual Wealth Management reported 506 shares stake. Invesco invested in 226,508 shares. Bancorp Of America Corporation De holds 0% of its portfolio in Center Coast MLP & Infrastructure Fund (NYSE:CEN) for 2,000 shares. Sit Invest Associate Inc owns 125,207 shares for 0.03% of their portfolio. 1.52M were reported by Oxbow Advsrs Ltd Limited Liability Company. Millennium Mngmt Lc holds 0% or 32,703 shares in its portfolio.

The stock of Center Coast MLP & Infrastructure Fund (CEN) formed a down wedge with $9.30 target or 5.00 % below today’s $9.79 share price. The 8 months wedge indicates high risk for the $ company. If the $9.30 price target is reached, the company will be worth $ less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.66% or $0.16 during the last trading session, reaching $9.79. About 296,606 shares traded or 42.53% up from the average. Center Coast MLP & Infrastructure Fund (NYSE:CEN) has 0.00% since December 13, 2016 and is . It has underperformed by 16.70% the S&P500.

More important recent Center Coast MLP & Infrastructure Fund (NYSE:CEN) news were published by: Pionline.com which released: “Brookfield to acquire MLP, infrastructure manager Center Coast Capital” on October 10, 2017, also Prnewswire.com published article titled: “Center Coast MLP & Infrastructure Fund (CEN) Statement on Hurricane Harvey”, Marketwatch.com published: “Center Coast MLP & Infrastructure Fund” on September 05, 2011. More interesting news about Center Coast MLP & Infrastructure Fund (NYSE:CEN) was released by: Prnewswire.com and their article: “Center Coast Capital Adds Jeff Jorgensen as Portfolio Manager to Center Coast …” with publication date: April 14, 2016.

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