NYSE:IGA', 'Voya Global Advantage and Premium Opportunity Fund', 'http://kldaily.com/kl-logo.png');

Does This Provide a Reason to Buy Voya Global Advantage and Premium Opportunity Fund (IGA)? The Stock Has Formed Multiple Top

December 8, 2017 - By reb123z

Investors sentiment increased to 1.85 in 2017 Q2. Its up 0.49, from 1.36 in 2017Q1. It is positive, as 3 investors sold Voya Global Advantage and Premium Opportunity Fund shares while 10 reduced holdings. 12 funds opened positions while 12 raised stakes. 4.61 million shares or 3.92% less from 4.80 million shares in 2017Q1 were reported.
Saba Mgmt L P has 0.17% invested in Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) for 174,755 shares. Bb&T Secs Lc accumulated 12,903 shares or 0% of the stock. 217,456 are held by Northwestern Mutual Wealth Com. United Capital Financial Advisers Limited reported 153,152 shares. Planning, California-based fund reported 16,674 shares. Moreover, Karpus has 0.16% invested in Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA). Pnc Fincl Gp Inc invested 0% in Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA). Grt Cap Ptnrs Ltd holds 11,800 shares or 0.07% of its portfolio. Cambridge Inv Advsrs Inc owns 11,264 shares or 0% of their US portfolio. Mariner Invest Grp Inc Inc accumulated 33,002 shares or 0.2% of the stock. Bancshares Of America De holds 91,957 shares. Invesco Limited invested in 709,489 shares or 0% of the stock. Raymond James & accumulated 27,219 shares. Moreover, Jacobus Wealth has 0.52% invested in Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA). Royal National Bank & Trust Of Canada holds 0% of its portfolio in Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) for 5,745 shares.

The stock of Voya Global Advantage and Premium Opportunity Fund (IGA) shows a multiple tops pattern with $12.38 target or 9.00 % above today’s $11.36 share price. The 5 months chart pattern indicates low risk for the $208.43 million company. It was reported on Dec, 8 by Finviz.com. If the $12.38 price target is reached, the company will be worth $18.76M 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%.

The stock decreased 0.44% or $0.05 during the last trading session, reaching $11.36. About 36,945 shares traded. Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) has risen 11.03% since December 8, 2016 and is uptrending. It has underperformed by 5.67% the S&P500.

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