Blackrock Resources & Commodities Strategy Trust (BCX) Stock Faces Lower Risks Forward After Forming Bullish Wedge Up

December 7, 2017 - By Peter Erickson

Investors sentiment decreased to 1.37 in 2017 Q2. Its down 0.10, from 1.47 in 2017Q1. It worsened, as 8 investors sold Blackrock Resources & Commodities Strategy Trust shares while 22 reduced holdings. 17 funds opened positions while 24 raised stakes. 35.33 million shares or 0.64% less from 35.56 million shares in 2017Q1 were reported.
Asset Mgmt has 681,564 shares. Stratos Wealth Prns Limited holds 0.08% or 194,049 shares in its portfolio. Oppenheimer holds 0.01% of its portfolio in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) for 44,748 shares. Wfg Advsrs Lp accumulated 2,000 shares. Thomas J Herzfeld Advsr, Florida-based fund reported 15,756 shares. Advisory Alpha Limited Liability Corporation holds 0.39% of its portfolio in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) for 157,758 shares. Ameriprise Fincl Incorporated invested 0% in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX). Pnc Financial Grp Inc Inc owns 2,254 shares or 0% of their US portfolio. Bb&T Secs Limited Liability stated it has 0.01% in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX). Punch And Associate Inv Mngmt Inc holds 147,007 shares. Lpl Fincl Llc reported 16,443 shares or 0% of all its holdings. Royal Fincl Bank Of Canada holds 0% or 662,430 shares in its portfolio. Da Davidson holds 0% or 4,800 shares in its portfolio. Hightower Advsr Limited Liability Corporation holds 11,021 shares. 153,838 were accumulated by Raymond James &.

The stock of Blackrock Resources & Commodities Strategy Trust (BCX) formed an up wedge with $9.44 target or 7.00 % above today’s $8.82 share price. The 9 months wedge indicates low risk for the $ company. If the $9.44 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%.

The stock decreased 1.01% or $0.09 during the last trading session, reaching $8.82. About 300,846 shares traded or 35.74% up from the average. Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) has risen 13.36% since December 8, 2016 and is uptrending. It has underperformed by 3.34% the S&P500.

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