What Will Happen to Nuveen Real Asset Income and Growth Fund (JRI) Next? The Stock Formed a Several Months Bearish Multiple Bottom Pattern

July 14, 2018 - By Hannah Black

Investors sentiment decreased to 1.25 in 2018 Q1. Its down 0.15, from 1.4 in 2017Q4. It turned negative, as 4 investors sold Nuveen Real Asset Income and Growth Fund shares while 16 reduced holdings. 10 funds opened positions while 15 raised stakes. 5.45 million shares or 11.34% more from 4.90 million shares in 2017Q4 were reported.
Hm Payson & owns 10,000 shares for 0.01% of their portfolio. Stifel Fincl Corporation reported 20,674 shares. Bb&T Secs Limited invested 0.01% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Van Hulzen Asset Mgmt Limited Co holds 0.11% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) or 23,051 shares. Northwestern Mutual Wealth Mgmt accumulated 620 shares. Css Limited Com Il reported 40,893 shares or 0.03% of all its holdings. Invesco Limited stated it has 0% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Raymond James Advisors has 0.01% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 54,824 shares. Dubuque National Bank Tru has invested 0.8% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Sei Invests has 0% invested in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) for 790 shares. Nine Masts Cap has invested 0.01% of its portfolio in Nuveen Real Asset Income and Growth Fund (NYSE:JRI). Royal Comml Bank Of Canada holds 0% or 265,328 shares. Pnc Svcs Group Inc invested in 0% or 50 shares. Parametric Portfolio Lc reported 187,315 shares or 0% of all its holdings. Millennium Mngmt Lc has invested 0% in Nuveen Real Asset Income and Growth Fund (NYSE:JRI).

The stock of Nuveen Real Asset Income and Growth Fund (JRI) shows a multiple bottoms pattern with $15.18 target or 6.00 % below today’s $16.15 share price. The 9 months chart pattern indicates high risk for the $ company. It was reported on Jul, 14 by Finviz.com. If the $15.18 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 increased 0.56% or $0.09 during the last trading session, reaching $16.15. About 89,877 shares traded or 20.95% up from the average. Nuveen Real Asset Income and Growth Fund (NYSE:JRI) has declined 6.88% since July 14, 2017 and is downtrending. It has underperformed by 19.45% the S&P500.

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