Center Coast MLP & Infrastructure Fund (CEN) Stock Faces Higher Risks Forward After Forming Bearish Wedge Down

December 7, 2017 - By reb123z

Investors sentiment decreased to 1.75 in Q2 2017. Its down 1.25, from 3 in 2017Q1. It worsened, as 3 investors sold Center Coast MLP & Infrastructure Fund shares while 5 reduced holdings. 6 funds opened positions while 8 raised stakes. 3.97 million shares or 1.48% more from 3.91 million shares in 2017Q1 were reported.
North Star Investment Mngmt holds 0% or 1,584 shares in its portfolio. Moreover, Citigroup has 0% invested in Center Coast MLP & Infrastructure Fund (NYSE:CEN) for 78 shares. Guggenheim Capital Ltd holds 0.02% or 612,369 shares in its portfolio. 226,508 are held by Invesco Limited. Whittier Trust invested in 51 shares. Morgan Stanley has invested 0% in Center Coast MLP & Infrastructure Fund (NYSE:CEN). Asset Mngmt Inc reported 141,221 shares. Janney Montgomery Scott Ltd Liability holds 0.01% of its portfolio in Center Coast MLP & Infrastructure Fund (NYSE:CEN) for 37,950 shares. Raymond James And Assocs accumulated 75,194 shares. National Bank & Trust Of New York Mellon Corporation reported 33,723 shares. Cambridge Advsr Incorporated holds 188,738 shares. 22,363 were accumulated by Commonwealth Equity Ser. Royal Bancshares Of Canada holds 0% or 5,250 shares in its portfolio. Fifth Third Bancorp holds 195 shares or 0% of its portfolio. Weiss Asset L P, Massachusetts-based fund reported 18,226 shares.

The stock of Center Coast MLP & Infrastructure Fund (CEN) formed a down wedge with $8.92 target or 4.00 % below today’s $9.29 share price. The 9 months wedge indicates high risk for the $ company. If the $8.92 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 increased 1.31% or $0.12 during the last trading session, reaching $9.29. About 418,700 shares traded or 113.51% up from the average. Center Coast MLP & Infrastructure Fund (NYSE:CEN) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Center Coast MLP & Infrastructure Fund (NYSE:CEN) news were published by: Prnewswire.com which released: “Center Coast MLP & Infrastructure Fund (CEN) Statement on Hurricane Harvey” on August 30, 2017, also Prnewswire.com with their article: “Center Coast Capital Adds Jeff Jorgensen as Portfolio Manager to Center Coast …” published on April 14, 2016, Prnewswire.com published: “Center Coast MLP & Infrastructure Fund (CEN) Declares Monthly Distribution” on December 20, 2016. More interesting news about Center Coast MLP & Infrastructure Fund (NYSE:CEN) were released by: Marketwatch.com and their article: “Center Coast MLP & Infrastructure Fund” published on September 05, 2011 as well as Pionline.com‘s news article titled: “Brookfield to acquire MLP, infrastructure manager Center Coast Capital” with publication date: October 10, 2017.

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