Nuveen Real Asset Income and Growth Fund (JRI)’s Stock Is Sell After Forming Bearish Wedge Down Pattern

December 7, 2017 - By Henry Gaston

Investors sentiment increased to 2 in Q2 2017. Its up 1.17, from 0.83 in 2017Q1. It is positive, as 1 investors sold Nuveen Real Asset Income and Growth Fund shares while 5 reduced holdings. 3 funds opened positions while 9 raised stakes. 1.42 million shares or 6.54% more from 1.33 million shares in 2017Q1 were reported.
Bb&T Securities Limited Liability has 16,285 shares for 0% of their portfolio. Bank Of America Corp De, a North Carolina-based fund reported 59,501 shares. Wells Fargo & Mn reported 40,352 shares. Wolverine Asset Mngmt Ltd Company accumulated 30,997 shares. The Florida-based Raymond James Finance Advsrs has invested 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Raymond James & Assocs has 0% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Lpl Lc has 126,820 shares for 0.01% of their portfolio. Morgan Stanley holds 110,997 shares. Cornerstone Advsrs invested in 0.27% or 84,009 shares. Tower Capital Limited Co (Trc) reported 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Reliance Trust Of Delaware has invested 0.12% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Advisory Svcs Networks Lc owns 16,464 shares. Advsr Limited owns 12,160 shares. Moreover, Advisors Asset Management has 0.14% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Invesco Limited reported 241,060 shares.

The stock of Nuveen Real Asset Income and Growth Fund (JRI) formed a down wedge with $16.39 target or 6.00 % below today’s $17.44 share price. The 8 months wedge indicates high risk for the $ company. If the $16.39 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 decreased 0.29% or $0.05 during the last trading session, reaching $17.44. About 99,544 shares traded or 32.76% up from the average. Nuveen Real Asset Income and Growth Fund (NYSE:JRI) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Nuveen Real Asset Income and Growth Fund (NYSE:JRI) news were published by: Seekingalpha.com which released: “Buy Nuveen Real Asset Income And Growth Common Fund: You’re Going To Need It” on January 06, 2014, also Nasdaq.com with their article: “United Fire Group Inc Buys DowDuPont Inc, Nuveen Real Asset Income and Growth …” published on November 09, 2017, Seekingalpha.com published: “JRI-DRA Merger Complete” on September 13, 2017. More interesting news about Nuveen Real Asset Income and Growth Fund (NYSE:JRI) were released by: Seekingalpha.com and their article: “Diversified Real Asset Income Fund: All Good Things Must Merge?” published on July 10, 2017 as well as Seekingalpha.com‘s news article titled: “Nuveen Diversified Real Asset Income Fund: REITs And Then Some…” with publication date: February 03, 2016.

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