Guggenheim Strategic Opportunities Fund (GOF) Forms Wedge Up Pattern; Strong Momentum for Buyers Coming

December 7, 2017 - By Marie Mckinney

Investors sentiment increased to 2.75 in Q2 2017. Its up 0.85, from 1.9 in 2017Q1. It increased, as 1 investors sold Guggenheim Strategic Opportunities Fund shares while 7 reduced holdings. 4 funds opened positions while 18 raised stakes. 2.47 million shares or 6.98% more from 2.31 million shares in 2017Q1 were reported.
Thompson Davis And Company owns 200 shares. Winslow Evans And Crocker Incorporated reported 600 shares stake. Bessemer Gp Incorporated Inc stated it has 0.02% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Northwestern Mutual Wealth Mngmt Company has 7,033 shares for 0% of their portfolio. Jefferies Llc reported 0% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Moreover, Commonwealth Equity has 0.01% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Colorado-based Advsr Asset Mgmt has invested 0.03% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). The Michigan-based Sigma Planning has invested 0.15% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Guggenheim Ltd Limited Liability Company invested in 0.03% or 539,192 shares. Manufacturers Life Insur The reported 1,286 shares stake. Janney Montgomery Scott Ltd Limited Liability Company has invested 0.02% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Creative Planning owns 7,071 shares for 0% of their portfolio. Cohen Steers has invested 0.01% in Guggenheim Strategic Opportunities Fund (NYSE:GOF). Moreover, Oppenheimer has 0.01% invested in Guggenheim Strategic Opportunities Fund (NYSE:GOF) for 14,655 shares. Morgan Stanley holds 387,819 shares or 0% of its portfolio.

The stock of Guggenheim Strategic Opportunities Fund (GOF) formed an up wedge with $23.15 target or 7.00 % above today’s $21.64 share price. The 7 months wedge indicates low risk for the $ company. If the $23.15 price target is reached, the company will be worth $ more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

It closed at $21.64 lastly. It is up 21.97% since December 8, 2016 and is uptrending. It has outperformed by 5.27% the S&P500.

More notable recent Guggenheim Strategic Opportunities Fund (NYSE:GOF) news were published by: Nasdaq.com which released: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on November 13, 2017, also Nasdaq.com with their article: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” published on October 11, 2016, Nasdaq.com published: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” on June 12, 2017. More interesting news about Guggenheim Strategic Opportunities Fund (NYSE:GOF) were released by: Barrons.com and their article: “Guggenheim’s Closed-End GOF Is Up 23%, Big in Bank Loans, ABS” published on September 19, 2016 as well as Nasdaq.com‘s news article titled: “Guggenheim Strategic Opportunities Fund (GOF) Ex-Dividend Date Scheduled for …” with publication date: July 11, 2017.

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