Is Selling Stock Like The Gabelli Utility Trust (GUT) After This Double Bottom Pattern Winning Strategy?

July 14, 2018 - By Robert Crowder

Investors sentiment increased to 3.8 in Q1 2018. Its up 3.30, from 0.5 in 2017Q4. It increased, as 3 investors sold The Gabelli Utility Trust shares while 2 reduced holdings. 12 funds opened positions while 7 raised stakes. 3.92 million shares or 185.48% more from 1.37 million shares in 2017Q4 were reported.
Sei Invs Communication holds 0% or 3,350 shares in its portfolio. Royal Bankshares Of Canada reported 0% stake. Us National Bank & Trust De reported 2,138 shares. Morgan Stanley holds 0% or 654,064 shares in its portfolio. Hanson Mcclain Inc stated it has 1,873 shares. First Allied Advisory Serv accumulated 0.01% or 27,995 shares. M&R, New York-based fund reported 123 shares. Pnc Financial Ser Grp Incorporated Incorporated reported 23,656 shares. Citigroup accumulated 200 shares. Raymond James Fincl Service Advsr Inc invested 0% in The Gabelli Utility Trust (NYSE:GUT). The California-based Covington Cap has invested 0% in The Gabelli Utility Trust (NYSE:GUT). Manufacturers Life Insurance The has invested 0% in The Gabelli Utility Trust (NYSE:GUT). Susquehanna Grp Llp holds 12,736 shares. Yakira Cap Management invested 0.14% in The Gabelli Utility Trust (NYSE:GUT). Credit Suisse Ag owns 160,650 shares or 0% of their US portfolio.

The chart of The Gabelli Utility Trust (GUT) shows a double bottom with $5.67 target or 5.00 % below today’s $5.97 share price. The 9 months chart pattern indicates high risk for the $263.61M company. It was reported on Jul, 14 by If the $5.67 price target is reached, the company will be worth $13.18 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.51% or $0.03 during the last trading session, reaching $5.97. About 140,669 shares traded. The Gabelli Utility Trust (NYSE:GUT) has declined 14.91% since July 14, 2017 and is downtrending. It has underperformed by 27.48% the S&P500.

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