Is Buying BlackRock Enhanced Government Fund, Inc. (EGF) Here a Winning Strategy? The Stock Formed Bullish Double Top Pattern

January 23, 2018 - By Clifton Ray

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.39, from 0.86 in 2017Q2. It is positive, as 1 investors sold BlackRock Enhanced Government Fund, Inc. shares while 3 reduced holdings. 1 funds opened positions while 4 raised stakes. 4.34 million shares or 0.64% less from 4.36 million shares in 2017Q2 were reported.
State Bank Of America De has 0% invested in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF). Morgan Stanley owns 11,535 shares for 0% of their portfolio. Moreover, Icon Advisers Incorporated has 0.16% invested in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF). Sit Investment Associates has 0.87% invested in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF). 1607 Capital Ptnrs Lc has 0.5% invested in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) for 644,704 shares. Wells Fargo & Mn has invested 0% of its portfolio in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF). Dynamic Advsrs Solutions Ltd Com stated it has 23,314 shares or 0.13% of all its holdings.

The chart of BlackRock Enhanced Government Fund, Inc. (EGF) shows a double top with $14.75 target or 9.00 % above today’s $13.53 share price. The 5 months chart pattern indicates low risk for the $87.88M company. It was reported on Jan, 23 by Finviz.com. If the $14.75 price target is reached, the company will be worth $7.91M more. Double tops are rare but powerful chart patterns.

The stock increased 1.10% or $0.15 during the last trading session, reaching $13.53. About 4,017 shares traded. BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) has declined 1.48% since January 23, 2017 and is downtrending. It has underperformed by 18.18% the S&P500.

More important recent BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) news were published by: Bloomberg.com which released: “BlackRock and Vanguard Are Less Than a Decade Away From Managing $20 Trillion” on December 04, 2017, also Reuters.com published article titled: “BlackRock cuts fees, builds bond indexes in bid ‘to be ubiquitous'”, Investmentnews.com published: “401(k) plans make big fund changes following new money market rules” on January 25, 2017. More interesting news about BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) was released by: Bloomberg.com and their article: “BlackRock Sees Insurers Pouring $300 Billion Into Debt ETFs” with publication date: May 30, 2017.

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