What’s in Flaherty & Crumrine Preferred Income Fund Inc. (PFD) After Forming Bullish Double Top Pattern?

December 8, 2017 - By Marie Mckinney

Investors sentiment increased to 1.83 in 2017 Q2. Its up 0.69, from 1.14 in 2017Q1. It improved, as 0 investors sold Flaherty & Crumrine Preferred Income Fund Inc. shares while 6 reduced holdings. 6 funds opened positions while 5 raised stakes. 408,524 shares or 8.46% less from 446,280 shares in 2017Q1 were reported.
Winslow Evans & Crocker Inc reported 1,285 shares. Da Davidson & holds 25,300 shares or 0.01% of its portfolio. Creative Planning stated it has 0% of its portfolio in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD). Robinson Mngmt Limited Liability Co has 7,461 shares for 0.05% of their portfolio. Ruggie Cap Grp reported 5,000 shares or 0.05% of all its holdings. Covington Capital Mngmt holds 0.02% of its portfolio in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) for 19,500 shares. Invesco Ltd stated it has 0% of its portfolio in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD). Northwestern Mutual Wealth Management holds 0% or 2,370 shares in its portfolio. Pnc Services Grp Inc Inc Inc owns 1,800 shares for 0% of their portfolio. Wells Fargo And Mn reported 39,513 shares stake. Noesis Mangement invested in 0.08% or 13,064 shares. Morgan Stanley reported 108,064 shares. Royal Bancorp Of Canada has invested 0% in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD). Lpl Ltd Company reported 27,442 shares or 0% of all its holdings. Cambridge Investment Rech Advsrs stated it has 0% in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD).

The chart of Flaherty & Crumrine Preferred Income Fund Inc. (PFD) shows a double top with $16.68 target or 6.00 % above today’s $15.74 share price. The 9 months chart pattern indicates low risk for the $175.64M company. It was reported on Dec, 8 by Finviz.com. If the $16.68 price target is reached, the company will be worth $10.54M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.06% or $0.01 during the last trading session, reaching $15.74. About 20,044 shares traded. Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) has risen 7.57% since December 8, 2016 and is uptrending. It has underperformed by 9.13% the S&P500.

More notable recent Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) news were published by: Seekingalpha.com which released: “Flaherty & Crumrine Dynamic Preferred And Income Fund, Inc. (DFP): A Good Or …” on July 11, 2016, also Seekingalpha.com with their article: “Preferred Shares From Flaherty & Crumrine: 1 To Buy And 1 To Sell” published on December 31, 2015, Nasdaq.com published: “Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) Ex-Dividend …” on September 20, 2016. More interesting news about Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) were released by: Seekingalpha.com and their article: “Flaherty & Crumrine Preferred Income Opportunity Fund: A Good Or Bad Investment?” published on July 12, 2016 as well as Seekingalpha.com‘s news article titled: “Flaherty & Crumrine/Claymore Preferred Securities Income Fund: A Good Or Bad …” with publication date: July 10, 2016.

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