Is Selling CBRE Clarion Global Real Estate Income Fund (IGR) Here a Winning Strategy? The Stock Formed Multiple Bottom Chart Pattern

July 16, 2018 - By Ash Maslow

Investors sentiment decreased to 0.94 in 2018 Q1. Its down 0.39, from 1.33 in 2017Q4. It worsened, as 13 investors sold CBRE Clarion Global Real Estate Income Fund shares while 22 reduced holdings. 11 funds opened positions while 22 raised stakes. 21.27 million shares or 1.44% less from 21.58 million shares in 2017Q4 were reported.
106,823 are owned by Janney Montgomery Scott Ltd Liability. Saba Cap Management Limited Partnership holds 0.26% or 632,953 shares. Cls Invests Llc owns 606,155 shares. Parametric Assocs Limited Com has invested 0% of its portfolio in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR). Burney Communication reported 0.12% of its portfolio in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR). Bb&T Ltd Liability Corp reported 34,112 shares stake. Raymond James Trust Na owns 10,119 shares for 0.01% of their portfolio. Advsr Limited Liability Company has 16,187 shares. Morgan Stanley holds 0.01% in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR) or 3.42 million shares. Davenport & Co Limited Liability Com invested in 26,647 shares or 0% of the stock. Lpl Financial Ltd has invested 0% in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR). Walleye Trading Limited Liability Corporation stated it has 34,800 shares. Cypress Capital Management Ltd Liability Co (Wy) stated it has 41 shares. Nuveen Asset Limited Co stated it has 19,995 shares or 0% of all its holdings. Susquehanna Group Llp reported 28,854 shares.

The stock of CBRE Clarion Global Real Estate Income Fund (IGR) shows a multiple bottoms pattern with $7.23 target or 4.00 % below today’s $7.53 share price. The 6 months chart pattern indicates high risk for the $878.21 million company. It was reported on Jul, 16 by Finviz.com. If the $7.23 price target is reached, the company will be worth $35.13 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.50% or $0.038 during the last trading session, reaching $7.532. About 78,246 shares traded. CBRE Clarion Global Real Estate Income Fund (NYSE:IGR) has declined 2.25% since July 16, 2017 and is downtrending. It has underperformed by 14.82% the S&P500.

Another recent and important CBRE Clarion Global Real Estate Income Fund (NYSE:IGR) news was published by Businesswire.com which published an article titled: “CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for July” on July 11, 2018.

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. The company has market cap of $878.21 million. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia. It has a 8.02 P/E ratio. The fund seeks to invest in stocks of companies operating across the real estate sector including REITs.

CBRE Clarion Global Real Estate Income Fund (NYSE:IGR) Ratings Chart

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