Is Morgan Stanley Income Securities Inc. (ICB) a Sell? The Stock Formed Bearish Ascending Triangle Pattern

November 14, 2017 - By Michael Collier

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.50, from 1.38 in 2017Q1. It worsened, as 2 investors sold Morgan Stanley Income Securities Inc. shares while 6 reduced holdings. 2 funds opened positions while 5 raised stakes. 4.44 million shares or 2.94% more from 4.32 million shares in 2017Q1 were reported.
Rivernorth Mngmt Ltd Co holds 0.32% of its portfolio in Morgan Stanley Income Securities Inc. (NYSE:ICB) for 230,385 shares. Wells Fargo Mn owns 0% invested in Morgan Stanley Income Securities Inc. (NYSE:ICB) for 163,547 shares. Thomas J Herzfeld Inc reported 1,555 shares or 0.01% of all its holdings. Icon Advisers owns 471,920 shares or 0.6% of their US portfolio. Commonwealth Equity Svcs Incorporated holds 12,945 shares or 0% of its portfolio. Sit Inv Associates owns 0.26% invested in Morgan Stanley Income Securities Inc. (NYSE:ICB) for 575,022 shares. Minnesota-based Us Bancorporation De has invested 0% in Morgan Stanley Income Securities Inc. (NYSE:ICB). Morgan Stanley owns 18,416 shares for 0% of their portfolio. Creative Planning invested 0% of its portfolio in Morgan Stanley Income Securities Inc. (NYSE:ICB). Raymond James & Assoc holds 0% in Morgan Stanley Income Securities Inc. (NYSE:ICB) or 28,664 shares. Raymond James Trust Na reported 12,160 shares. Karpus Mgmt invested in 2.03% or 2.20M shares. 1607 Cap Prns Llc, a Virginia-based fund reported 656,305 shares. Commercial Bank Of America Corp De stated it has 4,336 shares. Wolverine Asset Mgmt Limited Liability Company holds 0% or 5,224 shares in its portfolio.

The stock of Morgan Stanley Income Securities Inc. (ICB) formed an ascending triangle with $17.29 target or 4.00 % below today’s $18.01 share price. The 6 months triangle pattern indicates high risk for the $161.42 million company. If the $17.29 price target is reached, the company will be worth $6.46 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 3,049 shares traded. Morgan Stanley Income Securities Inc. (NYSE:ICB) has risen 0.67% since November 14, 2016 and is uptrending. It has underperformed by 16.03% the S&P500.

Another recent and important Morgan Stanley Income Securities Inc. (NYSE:ICB) news was published by Digitaljournal.com which published an article titled: “Morgan Stanley Income Securities, Inc. Declares a Monthly Income Dividend” on November 07, 2017.

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