Is Selling Stock Like Duff & Phelps Global Utility Income Fund Inc. (DPG) After This Wedge Down Pattern Winning Strategy?

December 7, 2017 - By Winifred Garcia

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.35, from 1.3 in 2017Q1. It is negative, as 10 investors sold Duff & Phelps Global Utility Income Fund Inc. shares while 12 reduced holdings. 8 funds opened positions while 13 raised stakes. 4.56 million shares or 11.73% less from 5.17 million shares in 2017Q1 were reported.
Ameriprise Fincl Incorporated reported 26,581 shares or 0% of all its holdings. Ledyard Fincl Bank owns 0% invested in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) for 1,875 shares. Bancorporation Of America De invested in 84,303 shares. Next Gru Incorporated has 0% invested in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) for 770 shares. 3,000 were reported by Benjamin F Edwards And Communications Inc. Da Davidson And holds 2,700 shares or 0% of its portfolio. Moreover, Financial Bank Of Nova Scotia has 0.01% invested in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG). Jpmorgan Chase owns 5,607 shares or 0% of their US portfolio. Fincl Bank Of New York Mellon invested in 0% or 20,734 shares. 2,500 were reported by Baystate Wealth Mgmt Limited Company. Citigroup Inc invested 0% of its portfolio in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG). Invesco owns 39,149 shares. First Manhattan owns 21 shares or 0% of their US portfolio. Moreover, Janney Montgomery Scott Ltd Liability Corp has 0.01% invested in Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG). Mufg Americas holds 90 shares.

The stock of Duff & Phelps Global Utility Income Fund Inc. (DPG) formed a down wedge with $15.11 target or 5.00 % below today’s $15.91 share price. The 8 months wedge indicates high risk for the $ company. If the $15.11 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.

It closed at $15.91 lastly. It is up 4.24% since December 8, 2016 and is uptrending. It has underperformed by 12.46% the S&P500.

More recent Duff & Phelps Global Utility Income Fund Inc. (NYSE:DPG) news were published by: Seekingalpha.com which released: “Duff & Phelps Global Utility Income Fund: A Good Or Bad Investment?” on August 26, 2016. Also Marketwatch.com published the news titled: “Duff & Phelps Global Utility Income Fund Inc.” on July 27, 2011. Prnewswire.com‘s news article titled: “Duff & Phelps Global Utility Income Fund Inc. Announces Dividend and Discloses …” with publication date: September 06, 2017 was also an interesting one.

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