Bullish Chart Formation for Royce Micro-Cap Trust, Inc. (RMT) After Forming Bullish Double Top Pattern

December 7, 2017 - By wolcottdaily

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.52, from 0.87 in 2017Q1. It increased, as 8 investors sold Royce Micro-Cap Trust, Inc. shares while 15 reduced holdings. 11 funds opened positions while 21 raised stakes. 10.23 million shares or 0.56% less from 10.29 million shares in 2017Q1 were reported.
Commonwealth Equity Serv reported 0% stake. 11,333 are owned by Diversified Trust. Pnc Fin Services has 0% invested in Royce Micro-Cap Trust, Inc. (NYSE:RMT) for 10,406 shares. Family Firm invested in 195,468 shares or 0.75% of the stock. 94,631 are held by Lpl Fin Lc. Thomas J Herzfeld has invested 0.02% in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Fin Architects Inc reported 208 shares. 79,715 are held by Pecaut &. Morgan Stanley reported 698,793 shares. Raymond James Serv Advsr Inc, Florida-based fund reported 35,304 shares. 1607 Cap Prtn Ltd Liability holds 0.08% or 155,601 shares. Fiduciary Counselling reported 111,968 shares. Horizon Kinetics Ltd Company invested in 2.97M shares or 0.84% of the stock. Finemark Fincl Bank & invested in 0.01% or 12,813 shares. Bar Harbor invested 0.24% of its portfolio in Royce Micro-Cap Trust, Inc. (NYSE:RMT).

The chart of Royce Micro-Cap Trust, Inc. (RMT) shows a double top with $9.63 target or 3.00 % above today’s $9.35 share price. The 7 months chart pattern indicates low risk for the $359.13M company. It was reported on Dec, 7 by Finviz.com. If the $9.63 price target is reached, the company will be worth $10.77M more. Double tops are rare but powerful chart patterns.

It closed at $9.35 lastly. It is up 19.08% since December 7, 2016 and is uptrending. It has outperformed by 2.38% the S&P500.

More important recent Royce Micro-Cap Trust, Inc. (NYSE:RMT) news were published by: Prnewswire.com which released: “Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares Fourth Quarter Common Stock …” on December 01, 2017, also Prnewswire.com published article titled: “Royce Micro-Cap Trust (NYSE: RMT) as of August 31, 2017”, Prnewswire.com published: “Royce Micro-Cap Trust (NYSE: RMT) as of July 31, 2017” on May 08, 2015. More interesting news about Royce Micro-Cap Trust, Inc. (NYSE:RMT) was released by: Seekingalpha.com and their article: “Should Royce Micro Cap Trust Be In Your Portfolio?” with publication date: July 08, 2014.

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