Some Traders Are Very Bullish on Guggenheim Strategic Opportunities Fund (GOF) After Forming Bullish Wedge Up Pattern

December 7, 2017 - By Hazel Jackson

Investors sentiment increased to 2.75 in Q2 2017. Its up 0.85, from 1.9 in 2017Q1. It increased, as 1 investors sold Guggenheim Strategic Opportunities Fund shares while 7 reduced holdings. 4 funds opened positions while 18 raised stakes. 2.47 million shares or 6.98% more from 2.31 million shares in 2017Q1 were reported.
Cohen And Steers holds 0.01% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 126,184 shares. Moreover, Commonwealth Equity Service has 0.01% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Sigma Planning Corp, a Michigan-based fund reported 75,700 shares. Usca Ria Ltd Liability Co stated it has 0.44% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Winslow Evans Crocker Incorporated has 600 shares. Manufacturers Life Insurance The accumulated 0% or 1,286 shares. Advisors Asset holds 0.03% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 76,152 shares. Morgan Stanley holds 387,819 shares. Citigroup Inc holds 0% or 3,470 shares. Cambridge Inv Advsr Incorporated stated it has 27,722 shares. Guggenheim Cap Limited Liability Com has invested 0.03% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). 200 were accumulated by Thompson Davis & Inc. Bessemer Grp reported 226,975 shares. Atlantic Tru Grp Limited Liability Com has 29,500 shares for 0% of their portfolio. Planning Corporation reported 0.03% stake.

The stock of Guggenheim Strategic Opportunities Fund (GOF) formed an up wedge with $23.15 target or 7.00 % above today’s $21.64 share price. The 7 months wedge indicates low risk for the $ company. If the $23.15 price target is reached, the company will be worth $ 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%.

It closed at $21.64 lastly. It is up 21.97% since December 8, 2016 and is uptrending. It has outperformed by 5.27% the S&P500.

More notable recent Guggenheim Strategic Opportunities Fund (NYSE:GOF) news were published by: Barrons.com which released: “Guggenheim’s Closed-End GOF Is Up 23%, Big in Bank Loans, ABS” on September 19, 2016, also Nasdaq.com with their article: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” published on July 11, 2017, Nasdaq.com published: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on September 13, 2017. More interesting news about Guggenheim Strategic Opportunities Fund (NYSE:GOF) were released by: Nasdaq.com and their article: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” published on October 11, 2016 as well as Nasdaq.com‘s news article titled: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” with publication date: November 13, 2017.

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