Today’s Chart Runner: What’s Ahead for Cohen & Steers Select Pref & Inc Fd, Inc After Forming Multiple Top Chart Pattern?

Today's Chart Runner: What's Ahead for Cohen & Steers Select Pref & Inc Fd, Inc After Forming Multiple Top Chart Pattern?

The stock of Cohen & Steers Select Pref & Inc Fd, Inc (PSF) shows a multiple tops pattern with $28.27 target or 4.00% above today’s $27.18 share price. The 7 months chart pattern indicates low risk for the $330.10 million company. It was reported on Jan, 11 by Finviz.com. If the $28.27 price target is reached, the company will be worth $13.20 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%. The stock increased 0.97% or $0.26 on January 10, hitting $27.18. Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF) has risen 1.68% since June 7, 2016 and is uptrending. It has underperformed by 5.74% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.11 in Q3 2016. Its up 0.90, from 1.21 in 2016Q2. The ratio increased, as 2 funds sold all Cohen & Steers Select Pref & Inc Fd, Inc shares owned while 7 reduced positions. 6 funds bought stakes while 13 increased positions. They now own 850,332 shares or 5.00% less from 895,041 shares in 2016Q2.
Moreover, Commonwealth Equity Services has 0% invested in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF) for 9,587 shares. Guggenheim Cap Ltd Liability holds 27,206 shares or 0% of its portfolio. Morgan Stanley has invested 0% of its portfolio in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF). Pnc Gp Inc has invested 0% of its portfolio in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF). The Florida-based Raymond James Financial Svcs Advisors has invested 0% in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF). Da Davidson Com reported 400 shares or 0% of all its holdings. Baldwin Brothers Inc Ma owns 13,750 shares or 0.07% of their US portfolio. Financial Advisers Limited Company holds 0% of its portfolio in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF) for 18,827 shares. Bb&T Secs Ltd Liability holds 30,825 shares or 0.01% of its portfolio. Invesco Limited reported 126,499 shares or 0% of all its holdings. Ladenburg Thalmann Financial Ser holds 0.01% or 23,614 shares in its portfolio. Next Fin Group holds 0.02% or 3,950 shares in its portfolio. The Ontario – Canada-based Manufacturers Life Insur Company The has invested 0% in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF). Citigroup Inc last reported 0% of its portfolio in the stock. Retail Bank Of America Corporation De holds 0% of its portfolio in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF) for 137,517 shares.

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