Will Nuveen Real Asset Income and Growth Fund (JRI) Short Squeeze Soon? The Stock Formed a Multiple Bottom

July 14, 2018 - By Anthony Romero

Investors sentiment decreased to 1.25 in 2018 Q1. Its down 0.15, from 1.4 in 2017Q4. It dropped, as 4 investors sold Nuveen Real Asset Income and Growth Fund shares while 16 reduced holdings. 10 funds opened positions while 15 raised stakes. 5.45 million shares or 11.34% more from 4.90 million shares in 2017Q4 were reported.
Cordasco Financial Network reported 665 shares stake. Carroll Assoc Incorporated reported 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Thompson Siegel And Walmsley Lc reported 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). First Tru Lp reported 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Raymond James & holds 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 74,139 shares. Moreover, Millennium Management Ltd has 0% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Wolverine Asset Mgmt Limited Com holds 0.03% or 149,602 shares. Bank Of America De stated it has 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). 3,800 were accumulated by Nine Masts Cap. Bb&T Secs Lc, Virginia-based fund reported 55,593 shares. The Florida-based Raymond James Fin Advisors Inc has invested 0.01% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Rmb Limited Liability holds 0.02% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 43,890 shares. Dubuque Bank & has invested 0.8% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Ameriprise invested in 0% or 36,274 shares. Invesco stated it has 508,592 shares or 0% of all its holdings.

The stock of Nuveen Real Asset Income and Growth Fund (JRI) shows a multiple bottoms pattern with $15.18 target or 6.00 % below today’s $16.15 share price. The 9 months chart pattern indicates high risk for the $ company. It was reported on Jul, 14 by Finviz.com. If the $15.18 price target is reached, the company will be worth $ 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 increased 0.56% or $0.09 during the last trading session, reaching $16.15. About 89,877 shares traded or 20.95% up from the average. Nuveen Real Asset Income and Growth Fund (NYSE:JRI) has declined 6.88% since July 14, 2017 and is downtrending. It has underperformed by 19.45% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.