A Reversal for Brookfield Mortgage Opportunity Income Is Not Near. The Stock Reaches 52-Week High Today


The stock of Brookfield Mortgage Opportunity Income (NYSE:BOI) hit a new 52-week high and has GBX 24.95 target or 68.00% above today’s GBX 14.85 share price. The 5 months bullish chart indicates low risk for the GBX 339.80 million company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 24.95 price target is reached, the company will be worth GBX 231.06M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.74% or $0.11 on September 13, hitting $14.85. About 103,183 shares traded hands or 52.11% up from the average. Brookfield Mortgage Opportunity Income (NYSE:BOI) has risen 1.56% since February 8, 2016 and is uptrending. It has underperformed by 14.93% the S&P500.

Brookfield Mortgage Opportunity Income Fund Inc. is a diversified, closed-end management investment company. The company has a market cap of $339.80 million. The investment objective of the Fund is to provide a high total investment return by providing a high level of current income and the potential for capital appreciation. It currently has negative earnings. The Fund invests primarily in mortgage-related securities.

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