Western Asset Intermediate Muni Fund Inc. (SBI) Can’t Be More Risky. The Stock Formed a Multiple Bottom

August 14, 2018 - By Tina Thibodeau

Investors sentiment decreased to 1.31 in 2018 Q1. Its down 0.24, from 1.55 in 2017Q4. It fall, as 4 investors sold Western Asset Intermediate Muni Fund Inc. shares while 9 reduced holdings. 4 funds opened positions while 13 raised stakes. 1.86 million shares or 9.24% more from 1.70 million shares in 2017Q4 were reported.
Horizon Kinetics Ltd Liability Company accumulated 27,468 shares. Rmb Mngmt Lc accumulated 117,157 shares. Moreover, Janney Montgomery Scott Limited Liability Company has 0% invested in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) for 38,696 shares. Lincoln Corp holds 0% or 10,720 shares. Benjamin F Edwards & reported 0.01% in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI). 65,172 are held by Raymond James Finance Advisors. Morgan Stanley holds 418,973 shares. Tower Cap Ltd Com (Trc) invested in 0% or 173 shares. Stratford Consulting Limited Liability Company reported 13,149 shares. Oppenheimer & Com reported 43,750 shares stake. 3,400 are held by City Holdg Com. First Trust Advisors Lp owns 63,020 shares. Summit Financial Wealth Ltd has invested 0.28% in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI). Landscape Cap Mngmt invested in 0.03% or 47,090 shares. Provise Gru Ltd Limited Liability Company reported 29,750 shares.

The stock of Western Asset Intermediate Muni Fund Inc. (SBI) shows a multiple bottoms pattern with $8.03 target or 7.00 % below today’s $8.63 share price. The 6 months chart pattern indicates high risk for the $ company. It was reported on Aug, 14 by Finviz.com. If the $8.03 price target is reached, the company will be worth $ less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.12% or $0.01 during the last trading session, reaching $8.63. About 20,123 shares traded or Infinity% up from the average. Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) has declined 11.62% since August 14, 2017 and is downtrending. It has underperformed by 24.19% the S&P500.

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