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

December 7, 2017 - By Dolores Ford

Investors sentiment increased to 2 in 2017 Q2. Its up 1.17, from 0.83 in 2017Q1. It is positive, 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.
Florida-based Raymond James And Associate has invested 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Private Advisor Gp Ltd Liability Corp holds 31,225 shares. Bb&T Ltd owns 16,285 shares for 0% of their portfolio. Tower Research Cap Limited Com (Trc) holds 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) or 404 shares. Wells Fargo & Mn holds 40,352 shares. Cap Ltd Liability Corporation invested in 0.02% or 12,160 shares. Royal Bancshares Of Canada holds 3,682 shares. 10,000 were accumulated by Hm Payson. The California-based Lpl Fin Ltd Liability has invested 0.01% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Wolverine Asset Lc, a Illinois-based fund reported 30,997 shares. Cornerstone Advsrs has invested 0.27% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Reliance Of Delaware accumulated 43,828 shares or 0.12% of the stock. Raymond James Ser Advsrs Inc owns 28,060 shares. Davenport Ltd Company reported 50,445 shares. Invesco Limited reported 241,060 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: “Diversified Real Asset Income Fund: All Good Things Must Merge?” on July 10, 2017, also Seekingalpha.com with their article: “Buy Nuveen Real Asset Income And Growth Common Fund: You’re Going To Need It” published on January 06, 2014, Seekingalpha.com published: “JRI: Real Assets, Real Income” on September 08, 2016. More interesting news about Nuveen Real Asset Income and Growth Fund (NYSE:JRI) were released by: Seekingalpha.com and their article: “JRI: Real Assets, Real Income. Updated” published on July 11, 2017 as well as Seekingalpha.com‘s news article titled: “JRI-DRA Merger Complete” with publication date: September 13, 2017.

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