Is Guggenheim Strategic Opportunities Fund (GOF)’s Fuel Running High? The Stock Formed Wedge Up Pattern

December 7, 2017 - By Winifred Garcia

Investors sentiment increased to 2.75 in 2017 Q2. Its up 0.85, from 1.9 in 2017Q1. It is positive, as 1 investors sold Guggenheim Strategic Opportunities Fund shares while 7 reduced holdings. 4 funds opened positions while 18 raised stakes. 2.47 million shares or 6.98% more from 2.31 million shares in 2017Q1 were reported.
Advsrs Asset Mngmt Incorporated invested in 76,152 shares. Bessemer Group Inc stated it has 0.02% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Morgan Stanley holds 0% or 387,819 shares in its portfolio. Bb&T Secs Limited Liability has invested 0.01% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Thompson Davis invested 0.01% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Creative Planning reported 7,071 shares. Moreover, Raymond James Assoc has 0% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Usca Ria Ltd Liability accumulated 162,103 shares. Ameriprise Fincl reported 39,360 shares. Winslow Evans And Crocker owns 600 shares for 0% of their portfolio. Lpl Fin Ltd stated it has 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Jefferies Group Limited Liability Co stated it has 0% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Janney Montgomery Scott Lc stated it has 0.02% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Bancshares Of America Corporation De reported 0% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). 1,286 are owned by Manufacturers Life Ins The.

The stock of Guggenheim Strategic Opportunities Fund (GOF) formed an up wedge with $23.15 target or 7.00 % above today’s $21.64 share price. The 7 months wedge indicates low risk for the $ company. If the $23.15 price target is reached, the company will be worth $ 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%.

It closed at $21.64 lastly. It is up 21.97% since December 8, 2016 and is uptrending. It has outperformed by 5.27% the S&P500.

More notable recent Guggenheim Strategic Opportunities Fund (NYSE:GOF) news were published by: Nasdaq.com which released: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on October 11, 2016, also Barrons.com with their article: “Guggenheim’s Closed-End GOF Is Up 23%, Big in Bank Loans, ABS” published on September 19, 2016, Nasdaq.com published: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on July 11, 2017. More interesting news about Guggenheim Strategic Opportunities Fund (NYSE:GOF) were released by: Nasdaq.com and their article: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” published on November 13, 2017 as well as Nasdaq.com‘s news article titled: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” with publication date: June 12, 2017.

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