What Next for Cohen & Steers Infrastructure Fund, Inc (UTF) After Forming Ascending Triangle Chart Pattern?

December 8, 2017 - By Marry Poplack

Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.06, from 1.33 in 2017Q1. It turned negative, as 10 investors sold Cohen & Steers Infrastructure Fund, Inc shares while 23 reduced holdings. 11 funds opened positions while 31 raised stakes. 14.32 million shares or 3.90% less from 14.90 million shares in 2017Q1 were reported.
Asset Management stated it has 223,173 shares or 0.09% of all its holdings. Conning Incorporated holds 0.15% or 175,013 shares. Stewart West Indies Trading Ltd holds 3.95% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) or 1.91M shares. Lpl Limited Com invested in 65,944 shares. Bb&T Lc holds 0.02% or 49,975 shares in its portfolio. Wells Fargo & Mn reported 0.01% of its portfolio in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Ntv Asset Mgmt Ltd Liability Corporation, a West Virginia-based fund reported 10,720 shares. Ruggie Group Inc reported 0.09% stake. Dubuque Bancorp & holds 0.01% or 2,109 shares in its portfolio. Advisory Ser Net Ltd Limited Liability Company has invested 0.01% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Old Second Bancorp Of Aurora holds 955 shares. Whittier Tru owns 800 shares for 0% of their portfolio. Shufro Rose And Ltd Limited Liability Company holds 0.03% or 12,800 shares. United Capital Advisers Limited Liability reported 31,294 shares stake. Wfg Advsrs L P reported 7,150 shares or 0.04% of all its holdings.

The stock of Cohen & Steers Infrastructure Fund, Inc (UTF) formed an ascending triangle with $21.90 target or 6.00 % below today’s $23.30 share price. The 8 months triangle pattern indicates high risk for the $1.99B company. If the $21.90 price target is reached, the company will be worth $119.28 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.

The stock increased 0.09% or $0.02 during the last trading session, reaching $23.3. About 127,158 shares traded. Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) has risen 17.27% since December 8, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.

Another recent and important Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) news was published by Nasdaq.com which published an article titled: “Cohen & Steers Infrastructure Fund, Inc (UTF) Ex-Dividend Date Scheduled for …” on November 13, 2017.

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