Is Major Move Coming For Nuveen Real Asset Income and Growth Fund (JRI) After This Wedge Down Chart Pattern?

December 7, 2017 - By Marguerite Chambers

Investors sentiment increased to 2 in 2017 Q2. Its up 1.17, from 0.83 in 2017Q1. It increased, as 1 investors sold Nuveen Real Asset Income and Growth Fund shares while 5 reduced holdings. 3 funds opened positions while 9 raised stakes. 1.42 million shares or 6.54% more from 1.33 million shares in 2017Q1 were reported.
Bb&T Lc holds 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 16,285 shares. Private Advisor Gp Limited Liability Corporation invested 0.01% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Tower Rech Cap Ltd Co (Trc) stated it has 404 shares. 15,743 are owned by Raymond James And Associates. Advsr Asset Mgmt stated it has 487,351 shares or 0.14% of all its holdings. Moreover, Morgan Stanley has 0% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Lpl Fin Limited Liability Corp has invested 0.01% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Wells Fargo & Mn holds 40,352 shares or 0% of its portfolio. Invesco Ltd has invested 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Raymond James Services Advsr invested in 0% or 28,060 shares. Davenport Limited Liability reported 50,445 shares or 0% of all its holdings. Cap Advisors Ltd holds 0.02% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 12,160 shares. Cornerstone Inc holds 0.27% or 84,009 shares in its portfolio. Advisory Ntwk Limited Liability Company stated it has 16,464 shares or 0.04% of all its holdings. Royal Natl Bank Of Canada holds 0% or 3,682 shares.

The stock of Nuveen Real Asset Income and Growth Fund (JRI) formed a down wedge with $16.39 target or 6.00 % below today’s $17.44 share price. The 8 months wedge indicates high risk for the $ company. If the $16.39 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 decreased 0.29% or $0.05 during the last trading session, reaching $17.44. About 99,544 shares traded or 32.76% up from the average. Nuveen Real Asset Income and Growth Fund (NYSE:JRI) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Nuveen Real Asset Income and Growth Fund (NYSE:JRI) news were published by: Seekingalpha.com which released: “JRI: Real Assets, Real Income” on September 08, 2016, also Nasdaq.com with their article: “United Fire Group Inc Buys DowDuPont Inc, Nuveen Real Asset Income and Growth …” published on November 09, 2017, Seekingalpha.com published: “Buy Nuveen Real Asset Income And Growth Common Fund: You’re Going To Need It” on January 06, 2014. More interesting news about Nuveen Real Asset Income and Growth Fund (NYSE:JRI) were released by: Seekingalpha.com and their article: “Nuveen Diversified Real Asset Income Fund: REITs And Then Some…” published on February 03, 2016 as well as Seekingalpha.com‘s news article titled: “JRI-DRA Merger Complete” with publication date: September 13, 2017.

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