CBRE Clarion Global Real Estate Incm Fd (IGR)’s Stock Is Buy After Forming Wedge Up

September 17, 2017 - By Henry Gaston

Investors sentiment decreased to 1.14 in Q4 2016. Its down 0.04, from 1.18 in 2016Q3. It worsened, as 13 investors sold CBRE Clarion Global Real Estate Incm Fd shares while 24 reduced holdings. 15 funds opened positions while 27 raised stakes. 23.15 million shares or 8.07% more from 21.42 million shares in 2016Q3 were reported.
Fifth Third State Bank holds 0% of its portfolio in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) for 2,000 shares. Grt Prns Ltd Liability reported 49,900 shares or 0.1% of all its holdings. Invesco has invested 0% in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). Pennsylvania-based Pennsylvania Trust has invested 0.03% in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR). 114,011 were reported by Raymond James & Assoc. Meridian Invest Counsel Inc holds 0.25% of its portfolio in CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) for 50,866 shares. Vantage Investment Limited, Kansas-based fund reported 15,620 shares. 9,589 were reported by Pnc Financial Serv Grp. Sei Invests Com owns 2,132 shares. Weiss Asset Mgmt L P holds 0.11% or 98,327 shares in its portfolio. M&T Retail Bank holds 0% or 37,732 shares in its portfolio. L S Advisors reported 32,000 shares. Stifel Corp accumulated 0.01% or 180,635 shares. 1.22 million were reported by Cornerstone Advisors. Landscape Capital Mngmt Ltd has 733,358 shares for 0.73% of their portfolio.

The stock of CBRE Clarion Global Real Estate Incm Fd (IGR) formed an up wedge with $8.11 target or 3.00 % above today’s $7.87 share price. The 6 months wedge indicates low risk for the $917.57M company. If the $8.11 price target is reached, the company will be worth $27.53 million 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%.

The stock decreased 0.51% or $0.04 on September 15, reaching $7.87. About 237,856 shares traded. CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) has declined 3.62% since September 17, 2016 and is downtrending. It has underperformed by 20.32% the S&P500.

More important recent CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) news were published by: Businesswire.com which released: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Board of Trustees …” on February 29, 2016, also Seekingalpha.com published article titled: “CBRE Clarion Global Real Estate Income Fund: Only Half A World Away”, Investorplace.com published: “3 CEFs With Growth and Yield (NRO, IGR, JRS)” on October 11, 2016. More interesting news about CBRE Clarion Global Real Estate Incm Fd (NYSE:IGR) was released by: Businesswire.com and their article: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly …” with publication date: September 11, 2017.

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