Does Putnam High Income Securities Fund (PCF) Have Any Gas After Forming This Bullish Wedge Up Chart Pattern?

January 16, 2018 - By Darrin Black

Investors sentiment increased to 2.43 in Q3 2017. Its up 1.90, from 0.53 in 2017Q2. It increased, as 0 investors sold Putnam High Income Securities Fund shares while 7 reduced holdings. 5 funds opened positions while 12 raised stakes. 4.21 million shares or 7.31% more from 3.93 million shares in 2017Q2 were reported.
The New York-based Saba Capital Mgmt Limited Partnership has invested 0.03% in Putnam High Income Securities Fund (NYSE:PCF). Royal Comml Bank Of Canada reported 2,316 shares. Shaker Svcs Ltd Liability Co stated it has 40,894 shares or 0.19% of all its holdings. Meridian Investment Counsel Inc has 14,050 shares. Bartlett And Limited Liability Corp has invested 0% in Putnam High Income Securities Fund (NYSE:PCF). Gilman Hill Asset Management Ltd Com holds 27,500 shares. Invesco Ltd stated it has 0% of its portfolio in Putnam High Income Securities Fund (NYSE:PCF). Bulldog Invsts has 1.52M shares. Rmb Ltd Liability Corporation has invested 0.01% in Putnam High Income Securities Fund (NYSE:PCF). Blue Bell Private Wealth Mngmt Llc has invested 0.01% of its portfolio in Putnam High Income Securities Fund (NYSE:PCF). Clear Harbor Asset Mgmt Llc has 0.02% invested in Putnam High Income Securities Fund (NYSE:PCF) for 11,438 shares. Commonwealth Equity Svcs invested 0% of its portfolio in Putnam High Income Securities Fund (NYSE:PCF). Raymond James Fincl has 30,592 shares. Guggenheim Capital Limited Liability Com holds 0.01% of its portfolio in Putnam High Income Securities Fund (NYSE:PCF) for 298,720 shares. Thomas J Herzfeld accumulated 2,356 shares.

Since January 3, 2018, it had 2 buys, and 0 selling transactions for $59,507 activity.

The stock of Putnam High Income Securities Fund (PCF) formed an up wedge with $9.45 target or 4.00 % above today’s $9.09 share price. The 5 months wedge indicates low risk for the $117.96 million company. If the $9.45 price target is reached, the company will be worth $4.72 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 0.11% or $0.01 during the last trading session, reaching $9.09. About 22,879 shares traded. Putnam High Income Securities Fund (NYSE:PCF) has risen 15.98% since January 16, 2017 and is uptrending. It has underperformed by 0.72% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.