What Will Happen to LMP Capital and Income Fund Inc. (SCD) Next? The Stock Formed a Several Months Double Bottom Chart Pattern

January 19, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.12, from 0.75 in 2017Q2. It is negative, as 3 investors sold LMP Capital and Income Fund Inc. shares while 13 reduced holdings. 2 funds opened positions while 8 raised stakes. 4.67 million shares or 4.99% less from 4.92 million shares in 2017Q2 were reported.
Wells Fargo Mn owns 959,518 shares for 0% of their portfolio. 122,016 are held by Rivernorth Capital Limited Company. Cue Financial Group Inc owns 37,536 shares for 0.38% of their portfolio. Cap Advsrs Ltd Com has invested 0.01% of its portfolio in LMP Capital and Income Fund Inc. (NYSE:SCD). 24,423 were accumulated by Commonwealth Equity Svcs. Blue Bell Private Wealth reported 231 shares stake. Citigroup stated it has 0% of its portfolio in LMP Capital and Income Fund Inc. (NYSE:SCD). Oppenheimer accumulated 0.01% or 28,920 shares. Raymond James Tru Na holds 0.01% of its portfolio in LMP Capital and Income Fund Inc. (NYSE:SCD) for 10,776 shares. National Bank Of America Corp De stated it has 0% of its portfolio in LMP Capital and Income Fund Inc. (NYSE:SCD). 55,923 are held by Royal Comml Bank Of Canada. Advsr Asset Mngmt Inc owns 425,246 shares or 0.1% of their US portfolio. M&T Commercial Bank reported 0% of its portfolio in LMP Capital and Income Fund Inc. (NYSE:SCD). Thomas J Herzfeld reported 0.05% in LMP Capital and Income Fund Inc. (NYSE:SCD). Invesco, a Georgia-based fund reported 183,640 shares.

Since January 4, 2018, it had 0 buys, and 1 insider sale for $101,899 activity.

The chart of LMP Capital and Income Fund Inc. (SCD) shows a double bottom with $13.77 target or 4.00 % below today’s $14.34 share price. The 9 months chart pattern indicates high risk for the $257.95M company. It was reported on Jan, 19 by Finviz.com. If the $13.77 price target is reached, the company will be worth $10.32 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.24% or $0.034 during the last trading session, reaching $14.344. About 6,027 shares traded. LMP Capital and Income Fund Inc. (NYSE:SCD) has risen 13.90% since January 19, 2017 and is uptrending. It has underperformed by 2.80% the S&P500.

More news for LMP Capital and Income Fund Inc. (NYSE:SCD) were recently published by: Marketwatch.com, which released: “LMP Capital & Income Fund Inc.” on May 02, 2011. Seekingalpha.com‘s article titled: “SCD: Equity CEF Has An 8.2% Discount And An 8.6% Yield” and published on July 31, 2017 is yet another important article.

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