Nuveenn Intermediate Duration Q (NIQ)’s Trend Down, Especially After Forming a Ascending Triangle Pattern

September 8, 2018 - By Vernon Prom

Investors sentiment decreased to 1.9 in Q1 2018. Its down 0.81, from 2.71 in 2017Q4. It is negative, as 0 investors sold Nuveenn Intermediate Duration Q shares while 10 reduced holdings. 3 funds opened positions while 16 raised stakes. 2.48 million shares or 11.36% more from 2.23 million shares in 2017Q4 were reported.
Bb&T Securities Limited Company holds 0% of its portfolio in Nuveenn Intermediate Duration Q (NYSE:NIQ) for 21,751 shares. Clear Harbor Asset Mngmt holds 0.05% or 21,366 shares in its portfolio. Raymond James Associate owns 37,838 shares or 0% of their US portfolio. Morgan Stanley accumulated 284,844 shares. Horizon Kinetics Limited Liability Company accumulated 27,377 shares. Greatmark Invest Prtn Inc holds 27,100 shares or 0.12% of its portfolio. Edgewood Management Ltd Llc has invested 0% in Nuveenn Intermediate Duration Q (NYSE:NIQ). First Foundation Advsrs owns 11,628 shares or 0.01% of their US portfolio. Raymond James Fincl Advsrs has invested 0% in Nuveenn Intermediate Duration Q (NYSE:NIQ). Illinois-based Koshinski Asset Management has invested 0.13% in Nuveenn Intermediate Duration Q (NYSE:NIQ). The Vermont-based Trust Of Vermont has invested 0.05% in Nuveenn Intermediate Duration Q (NYSE:NIQ). Royal Bancorp Of Canada owns 19,853 shares for 0% of their portfolio. Wells Fargo And Mn reported 0% in Nuveenn Intermediate Duration Q (NYSE:NIQ). Janney Montgomery Scott Lc holds 29,778 shares. Hightower Limited Liability Com has 511,425 shares for 0.05% of their portfolio.

The stock of Nuveenn Intermediate Duration Q (NIQ) formed an ascending triangle with $11.57 target or 7.00 % below today’s $12.44 share price. The 6 months triangle pattern indicates high risk for the $ company. If the $11.57 price target is reached, the company will be worth $ 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 decreased 0.08% or $0.01 during the last trading session, reaching $12.44. About 3,960 shares traded. Nuveenn Intermediate Duration Q (NYSE:NIQ) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc. The company has market cap of $. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It currently has negative earnings. It invests into public fixed income markets of the United States.

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