It Seems Eaton Vance Tax Managed Diversified Eq. (ETY) Will Go Up. Formed A Few Months Bullish Multiple Top Pattern

November 14, 2017 - By Marie Mckinney

Investors sentiment increased to 1.23 in Q2 2017. Its up 0.42, from 0.81 in 2017Q1. It is positive, as 16 investors sold Eaton Vance Tax Managed Diversified Eq. shares while 19 reduced holdings. 14 funds opened positions while 29 raised stakes. 22.66 million shares or 2.07% less from 23.14 million shares in 2017Q1 were reported.
Concert Wealth Management has 0.13% invested in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) for 12,200 shares. Regis Management Communications Llc holds 12,509 shares or 0.02% of its portfolio. Carroll Financial Associate, a North Carolina-based fund reported 440 shares. Fin accumulated 0% or 1,000 shares. Stifel Corp invested 0.02% of its portfolio in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). Royal Commercial Bank Of Canada accumulated 227,220 shares. 7,750 were accumulated by Sei Invs. City Hldgs reported 5,496 shares. The Illinois-based Citadel Advsr Ltd Com has invested 0% in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). Raymond James Na holds 64,424 shares or 0.05% of its portfolio. Tower Research Limited Co (Trc) stated it has 4,652 shares or 0.01% of all its holdings. Bokf Na reported 0.01% stake. The Kentucky-based Hl Financial Serv Limited Liability Company has invested 0% in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). Webster Natl Bank N A has 0% invested in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). The Alabama-based Rfg Advisory Group Inc Limited Liability has invested 4.18% in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY).

The stock of Eaton Vance Tax Managed Diversified Eq. (ETY) shows a multiple tops pattern with $12.63 target or 9.00 % above today’s $11.59 share price. The 9 months chart pattern indicates low risk for the $1.73B company. It was reported on Nov, 14 by Finviz.com. If the $12.63 price target is reached, the company will be worth $155.70 million 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 163,598 shares traded. Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) has risen 9.21% since November 14, 2016 and is uptrending. It has underperformed by 7.49% the S&P500.

More notable recent Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) news were published by: Marketwatch.com which released: “Eaton Vance Tax-Managed Diversified Equity Income Fund” on June 22, 2011, also Nasdaq.com with their article: “Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) Ex-Dividend Date …” published on October 20, 2017, Marketwatch.com published: “Eaton Vance Tax-Managed Global Diversified Equity Income Fund” on December 21, 2009. More interesting news about Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) were released by: Seekingalpha.com and their article: “Equity CEFs: Follow The 800-Pound Gorilla” published on June 01, 2015 as well as Seekingalpha.com‘s news article titled: “ETY: A Covered Call CEF Cornerstone” with publication date: August 21, 2017.

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