After Forming Wedge Down, Is Nuveen Real Asset Income and Growth Fund (JRI)’s Near-Term Analysis Negative?

December 7, 2017 - By Henry Gaston

Investors sentiment increased to 2 in 2017 Q2. Its up 1.17, from 0.83 in 2017Q1. It increased, as 1 investors sold Nuveen Real Asset Income and Growth Fund shares while 5 reduced holdings. 3 funds opened positions while 9 raised stakes. 1.42 million shares or 6.54% more from 1.33 million shares in 2017Q1 were reported.
Moreover, Bb&T Limited has 0% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 16,285 shares. Moreover, Wells Fargo And Mn has 0% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 40,352 shares. Morgan Stanley reported 110,997 shares or 0% of all its holdings. 404 are held by Tower Research Ltd (Trc). Inv Advsrs Ltd holds 12,160 shares. Royal National Bank & Trust Of Canada holds 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 3,682 shares. Invesco Ltd reported 241,060 shares. Reliance Tru Of Delaware has 43,828 shares. Hm Payson & holds 0.01% or 10,000 shares. Bancshares Of America Corp De reported 59,501 shares. Advisory Serv Network Limited Liability Company accumulated 16,464 shares or 0.04% of the stock. Advsr Asset Mgmt Inc accumulated 487,351 shares or 0.14% of the stock. Wolverine Asset Mngmt Lc holds 0.01% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 30,997 shares. Cornerstone Advsr reported 0.27% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Raymond James Services Incorporated, Florida-based fund reported 28,060 shares.

The stock of Nuveen Real Asset Income and Growth Fund (JRI) formed a down wedge with $16.39 target or 6.00 % below today’s $17.44 share price. The 8 months wedge indicates high risk for the $ company. If the $16.39 price target is reached, the company will be worth $ less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.29% or $0.05 during the last trading session, reaching $17.44. About 99,544 shares traded or 32.76% up from the average. Nuveen Real Asset Income and Growth Fund (NYSE:JRI) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Nuveen Real Asset Income and Growth Fund (NYSE:JRI) news were published by: Seekingalpha.com which released: “Nuveen Diversified Real Asset Income Fund: REITs And Then Some…” on February 03, 2016, also Nasdaq.com with their article: “United Fire Group Inc Buys DowDuPont Inc, Nuveen Real Asset Income and Growth …” published on November 09, 2017, Seekingalpha.com published: “Diversified Real Asset Income Fund: All Good Things Must Merge?” on July 10, 2017. More interesting news about Nuveen Real Asset Income and Growth Fund (NYSE:JRI) were released by: Seekingalpha.com and their article: “JRI-DRA Merger Complete” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “JRI: Real Assets, Real Income. Updated” with publication date: July 11, 2017.

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