A Reversal for Duff & Phelps Global Utility Income Fund Inc. (DPG) Is Not Near. The Formed Bearish Wedge Down Chart Pattern

December 7, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.35, from 1.3 in 2017Q1. It worsened, as 10 investors sold Duff & Phelps Global Utility Income Fund Inc. shares while 12 reduced holdings. 8 funds opened positions while 13 raised stakes. 4.56 million shares or 11.73% less from 5.17 million shares in 2017Q1 were reported.
2,500 were accumulated by Baystate Wealth Mngmt Ltd Liability Corp. Ledyard Commercial Bank reported 1,875 shares. First Manhattan reported 0% stake. Community State Bank Na has 600 shares for 0% of their portfolio. Stifel Fincl holds 0.01% or 166,894 shares. Moreover, Raymond James & Associates has 0.02% invested in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) for 421,357 shares. 17,787 are owned by Bb&T Securities Limited Co. Jpmorgan Chase & holds 0% or 5,607 shares in its portfolio. Creative Planning holds 10,435 shares. Da Davidson holds 0% of its portfolio in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) for 2,700 shares. Wells Fargo & Mn has invested 0% in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG). 39,149 were reported by Invesco. Bancorporation Of Montreal Can holds 15,629 shares or 0% of its portfolio. Next Gp holds 770 shares or 0% of its portfolio. Janney Montgomery Scott Limited Liability Corp reported 51,344 shares.

The stock of Duff & Phelps Global Utility Income Fund Inc. (DPG) formed a down wedge with $15.11 target or 5.00 % below today’s $15.91 share price. The 8 months wedge indicates high risk for the $ company. If the $15.11 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.

It closed at $15.91 lastly. It is up 4.24% since December 8, 2016 and is uptrending. It has underperformed by 12.46% the S&P500.

More recent Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) news were published by: Marketwatch.com which released: “Duff & Phelps Global Utility Income Fund Inc.” on July 27, 2011. Also Seekingalpha.com published the news titled: “Duff & Phelps Global Utility Income Fund: A Good Or Bad Investment?” on August 26, 2016. Prnewswire.com‘s news article titled: “Duff & Phelps Global Utility Income Fund Inc. Announces Dividend and Discloses …” with publication date: September 06, 2017 was also an interesting one.

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