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Cohen & Steers Infrastructure Fund, Inc (UTF) Stock Formed Ascending Triangle Pattern. What To Expect?

December 8, 2017 - By Richard Conner

Investors sentiment decreased to 1.27 in 2017 Q2. Its down 0.06, from 1.33 in 2017Q1. It turned negative, as 10 investors sold Cohen & Steers Infrastructure Fund, Inc shares while 23 reduced holdings. 11 funds opened positions while 31 raised stakes. 14.32 million shares or 3.90% less from 14.90 million shares in 2017Q1 were reported.
M&R Cap Inc accumulated 1,469 shares. California-based Utd Fincl Advisers Limited Liability Co has invested 0.01% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Raymond James & Associate reported 575,431 shares. Mckinley Capital Management Llc Delaware holds 58,870 shares. Janney Montgomery Scott holds 37,361 shares or 0.01% of its portfolio. Ameriprise Inc, a Minnesota-based fund reported 101,041 shares. Conning Incorporated invested in 0.15% or 175,013 shares. Oxbow Ltd Co owns 138,510 shares for 0.58% of their portfolio. Camelot Portfolios Lc holds 87,771 shares or 1.03% of its portfolio. 10,720 are held by Ntv Asset Mgmt Limited Liability. Mufg Americas Hldg Corporation owns 434 shares. Lpl Financial Limited Liability Company has 65,944 shares for 0.01% of their portfolio. Arete Wealth Advisors Ltd owns 0.34% invested in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) for 31,794 shares. State Bank Of America Corporation De stated it has 4.40M shares. Sandy Spring National Bank & Trust reported 3,354 shares.

The stock of Cohen & Steers Infrastructure Fund, Inc (UTF) formed an ascending triangle with $21.90 target or 6.00 % below today’s $23.30 share price. The 8 months triangle pattern indicates high risk for the $1.99B company. If the $21.90 price target is reached, the company will be worth $119.28 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.09% or $0.02 during the last trading session, reaching $23.3. About 127,158 shares traded. Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) has risen 17.27% since December 8, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.

Another recent and important Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) news was published by Nasdaq.com which published an article titled: “Cohen & Steers Infrastructure Fund, Inc (UTF) Ex-Dividend Date Scheduled for …” on November 13, 2017.

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