Could CBRE Clarion Global Real Estate Income Fund (IGR) Decrease Even More? The Stock Formed Bearish Multiple Bottom Chart Pattern

June 26, 2018 - By Kurt Siggers

Investors sentiment decreased to 0.94 in Q1 2018. Its down 0.39, from 1.33 in 2017Q4. It dived, 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.
Sigma Planning has 13,758 shares for 0.01% of their portfolio. Pennsylvania Trust Co invested in 0.04% or 128,256 shares. Davenport Comm Limited Liability Company stated it has 0% in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR). Millennium Mgmt Llc reported 0% in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR). Walleye Trading Limited Liability Company has 34,800 shares for 0% of their portfolio. Oppenheimer Inc invested in 0.05% or 279,922 shares. Invesco Ltd reported 47,581 shares or 0% of all its holdings. Pennsylvania-based Cordasco Fincl has invested 0.02% in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR). Saba Capital Mgmt L P has 0.26% invested in CBRE Clarion Global Real Estate Income Fund (NYSE:IGR) for 632,953 shares. Ameriprise Finance holds 0% or 275,296 shares. Regions Fincl holds 10,929 shares or 0% of its portfolio. Foster And Motley Incorporated invested in 0.02% or 16,655 shares. Wells Fargo Company Mn owns 4.01 million shares for 0.01% of their portfolio. Cornerstone Advisors Incorporated has 1.22 million shares for 1.06% of their portfolio. 22,620 are owned by Vantage Inv Prtn Limited Co.

The stock of CBRE Clarion Global Real Estate Income Fund (IGR) shows a multiple bottoms pattern with $6.99 target or 6.00 % below today’s $7.44 share price. The 7 months chart pattern indicates high risk for the $867.43 million company. It was reported on Jun, 26 by Finviz.com. If the $6.99 price target is reached, the company will be worth $52.05 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 1.06% or $0.08 during the last trading session, reaching $7.44. About 217,795 shares traded. CBRE Clarion Global Real Estate Income Fund (NYSE:IGR) has declined 2.25% since June 26, 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 June” on June 08, 2018.

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

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