Traders Are Bullish Royce Micro-Cap Trust, Inc. (RMT) After The Stock Formed Double Top Chart Pattern

December 7, 2017 - By Hazel Jackson

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.52, from 0.87 in 2017Q1. It improved, as 8 investors sold Royce Micro-Cap Trust, Inc. shares while 15 reduced holdings. 11 funds opened positions while 21 raised stakes. 10.23 million shares or 0.56% less from 10.29 million shares in 2017Q1 were reported.
Royal Financial Bank Of Canada has 0% invested in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Financial Architects accumulated 208 shares. Geode Capital Mgmt Limited has invested 0% in Royce Micro-Cap Trust, Inc. (NYSE:RMT). North Star Asset Management invested in 0.06% or 70,509 shares. First Foundation owns 128,362 shares for 0.07% of their portfolio. Sg Americas Securities Limited Com stated it has 40,407 shares. Grt Cap Limited Company, a Massachusetts-based fund reported 29,000 shares. Hanson And Doremus Inv Mngmt has invested 0.01% in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Fca Tx owns 332,128 shares or 1.26% of their US portfolio. M&T Bancorporation Corp reported 32,420 shares. Thomas J Herzfeld Advisors Incorporated reported 4,780 shares. Stifel reported 0% in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Ameriprise Inc holds 0% or 14,177 shares. Diversified Tru invested in 11,333 shares or 0.01% of the stock. Bar Harbor Tru Svcs has 53,257 shares.

The chart of Royce Micro-Cap Trust, Inc. (RMT) shows a double top with $9.63 target or 3.00 % above today’s $9.35 share price. The 7 months chart pattern indicates low risk for the $359.13M company. It was reported on Dec, 7 by Finviz.com. If the $9.63 price target is reached, the company will be worth $10.77M more. Double tops are rare but powerful chart patterns.

It closed at $9.35 lastly. It is up 19.08% since December 7, 2016 and is uptrending. It has outperformed by 2.38% the S&P500.

More important recent Royce Micro-Cap Trust, Inc. (NYSE:RMT) news were published by: Prnewswire.com which released: “Royce Micro-Cap Trust (NYSE: RMT) as of August 31, 2017” on September 29, 2017, also Seekingalpha.com published article titled: “Should Royce Micro Cap Trust Be In Your Portfolio?”, Prnewswire.com published: “Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares Fourth Quarter Common Stock …” on December 01, 2017. More interesting news about Royce Micro-Cap Trust, Inc. (NYSE:RMT) was released by: Prnewswire.com and their article: “Royce Micro-Cap Trust (NYSE: RMT) as of July 31, 2017” with publication date: May 08, 2015.

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