Is Major Move Coming For Cohen and Steers Global Income Builder (INB) After This Bullish Multiple Top Pattern?

November 14, 2017 - By Nellie Frank

Investors sentiment increased to 1.33 in Q2 2017. Its up 0.39, from 0.94 in 2017Q1. It is positive, as 4 investors sold Cohen and Steers Global Income Builder shares while 8 reduced holdings. 6 funds opened positions while 10 raised stakes. 2.76 million shares or 10.81% less from 3.09 million shares in 2017Q1 were reported.
Kistler stated it has 7,421 shares or 0.03% of all its holdings. Bankshares Of America De accumulated 45,819 shares. Cutter And Brokerage reported 57,810 shares. Girard Ptnrs Ltd holds 0.08% or 37,311 shares. Wolverine Asset Management Lc holds 0% of its portfolio in Cohen and Steers Global Income Builder (NYSE:INB) for 21,977 shares. Next Fin Group Inc reported 2,204 shares. First Allied Advisory Svcs holds 0.01% or 24,750 shares in its portfolio. Thomas J Herzfeld holds 635 shares or 0% of its portfolio. Guggenheim Cap Ltd holds 0.02% or 653,208 shares in its portfolio. Baldwin Brothers Ma reported 7,000 shares. Wfg Ltd Partnership reported 544 shares or 0% of all its holdings. Cambridge Inv Advsrs Inc has 45,947 shares. Northwestern Mutual Wealth Communication stated it has 0% of its portfolio in Cohen and Steers Global Income Builder (NYSE:INB). 27,728 were reported by Ameriprise Fin. Commonwealth Equity Service Inc reported 11,836 shares.

The stock of Cohen and Steers Global Income Builder (INB) shows a multiple tops pattern with $9.96 target or 4.00 % above today’s $9.58 share price. The 8 months chart pattern indicates low risk for the $221.70 million company. It was reported on Nov, 14 by Finviz.com. If the $9.96 price target is reached, the company will be worth $8.87M 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%.

About 67,802 shares traded. Cohen and Steers Global Income Builder (NYSE:INB) has risen 7.96% since November 14, 2016 and is uptrending. It has underperformed by 8.74% the S&P500.

More recent Cohen and Steers Global Income Builder (NYSE:INB) news were published by: Prnewswire.com which released: “Cohen & Steers Closed-End Funds Declare Distributions for October, November …” on September 28, 2017. Also Prnewswire.com published the news titled: “Cohen & Steers Closed-End Funds Declare Distributions for January, February …” on December 21, 2016. Nasdaq.com‘s news article titled: “Cohen & Steers Global Income Builder, Inc. (INB) Ex-Dividend Date Scheduled …” with publication date: September 19, 2016 was also an interesting one.

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