Guggenheim Strategic Opportunities Fund (GOF) Draws Bullish Attention After Forming Bullish Wedge Up Pattern

December 7, 2017 - By Adrian Mccoy

Investors sentiment increased to 2.75 in 2017 Q2. Its up 0.85, from 1.9 in 2017Q1. It increased, 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.
Sigma Planning Corp, Michigan-based fund reported 75,700 shares. Invesco invested 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Thompson Davis Inc invested in 0.01% or 200 shares. Bessemer Gp owns 226,975 shares for 0.02% of their portfolio. Usca Ria Llc holds 0.44% or 162,103 shares in its portfolio. 126,184 were accumulated by Cohen And Steers Inc. Morgan Stanley holds 0% or 387,819 shares in its portfolio. Bankshares Of America De stated it has 132,870 shares. Guggenheim Capital Ltd Liability stated it has 539,192 shares or 0.03% of all its holdings. Commonwealth Equity Service holds 80,463 shares. Jefferies Grp Inc Lc accumulated 21,282 shares. Asset stated it has 76,152 shares or 0.03% of all its holdings. Ameriprise Financial Inc has invested 0% of its portfolio in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Lpl Fincl Ltd Liability holds 23,117 shares. Bb&T Lc owns 20,577 shares.

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

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.