Eaton Vance National Municipl Opprtnt Tr (EOT) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up

October 19, 2017 - By Richard Conner

Investors sentiment increased to 0.95 in 2017 Q2. Its up 0.18, from 0.77 in 2017Q1. It improved, as 3 investors sold Eaton Vance National Municipl Opprtnt Tr shares while 17 reduced holdings. 7 funds opened positions while 12 raised stakes. 2.45 million shares or 1.18% more from 2.42 million shares in 2017Q1 were reported.
Raymond James Fin Service Advsr Inc reported 59,097 shares. Manufacturers Life Insurance Communications The has invested 0% in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT). Creative Planning holds 2,280 shares or 0% of its portfolio. Northwestern Mutual Wealth reported 525 shares. Moreover, Cetera Advsr Ltd Limited Liability Company has 0.01% invested in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT) for 11,176 shares. Commonwealth Equity Services holds 0% or 23,647 shares. Moreover, Cambridge Inv Rech has 0% invested in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT) for 16,571 shares. Stifel Fincl Corporation invested in 24,094 shares or 0% of the stock. Benjamin F Edwards Co invested in 0.01% or 4,761 shares. Bankshares Of America Corporation De accumulated 9,382 shares or 0% of the stock. Morgan Stanley has invested 0% of its portfolio in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT). Shufro Rose & Co Ltd Liability holds 0.03% of its portfolio in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT) for 21,000 shares. First Foundation Advsr stated it has 0.09% of its portfolio in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT). Sg Americas Securities Ltd Com owns 21,201 shares for 0% of their portfolio. Asset Mgmt reported 0% in Eaton Vance National Municipl Opprtnt Tr (NYSE:EOT).

The stock of Eaton Vance National Municipl Opprtnt Tr (EOT) formed an up wedge with $25.23 target or 9.00 % above today’s $23.15 share price. The 7 months wedge indicates low risk for the $23 company. If the $25.23 price target is reached, the company will be worth $2 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 $23.15 lastly. It is down 0.00% since October 19, 2016 and is . It has underperformed by 16.70% the S&P500.

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