Time to Buy Guggenheim Strategic Opportunities Fund (GOF) After The Completion of This Multiple Top Chart Pattern?

June 14, 2018 - By Linda Rogers

Investors sentiment increased to 2.33 in 2018 Q1. Its up 1.33, from 1 in 2017Q4. It increased, as 3 investors sold Guggenheim Strategic Opportunities Fund shares while 6 reduced holdings. 5 funds opened positions while 16 raised stakes. 2.20 million shares or 2.45% more from 2.15 million shares in 2017Q4 were reported.
Cordasco Financial Network holds 0.08% in Guggenheim Strategic Opportunities Fund (NYSE:GOF) or 3,487 shares. Raymond James Assocs reported 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Invesco Limited has invested 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). 70,554 are held by Advsr Asset Mngmt. Archford Cap Strategies Ltd Liability Com holds 100 shares. Thompson Davis Inc owns 200 shares or 0.01% of their US portfolio. Northwestern Mutual Wealth Mgmt accumulated 8,666 shares or 0% of the stock. Millennium Mngmt Limited Liability reported 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Cohen And Steers stated it has 224,395 shares or 0.01% of all its holdings. Lpl Fincl Limited Liability Company holds 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 24,002 shares. Royal National Bank & Trust Of Canada holds 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 196,403 shares. Morgan Stanley holds 884,900 shares. Stratos Wealth Prtn Limited stated it has 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Janney Montgomery Scott Ltd Liability invested in 0.01% or 67,164 shares. Oppenheimer And Commerce owns 15,269 shares.

The stock of Guggenheim Strategic Opportunities Fund (GOF) shows a multiple tops pattern with $22.68 target or 5.00 % above today’s $21.60 share price. The 6 months chart pattern indicates low risk for the $ company. It was reported on Jun, 14 by Finviz.com. If the $22.68 price target is reached, the company will be worth $ more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.54% or $0.12 during the last trading session, reaching $21.6. About 164,285 shares traded or 11.46% up from the average. Guggenheim Strategic Opportunities Fund (NYSE:GOF) has risen 1.24% since June 14, 2017 and is uptrending. It has underperformed by 11.33% the S&P500.

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