Neuberger Berman Real Estate Sec Inc Fd (NRO)’s Stock Is Sell After Forming Ascending Triangle Pattern

July 17, 2017 - By Kurt Siggers

The stock of Neuberger Berman Real Estate Sec Inc Fd (NRO) formed an ascending triangle with $5.07 target or 7.00 % below today’s $5.45 share price. The 8 months triangle pattern indicates high risk for the $258.44M company. If the $5.07 price target is reached, the company will be worth $18.09M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 181,724 shares traded. Neuberger Berman Real Estate Sec Inc Fd (NYSEMKT:NRO) has risen 1.57% since July 17, 2016 and is uptrending. It has underperformed by 15.13% the S&P500.

More notable recent Neuberger Berman Real Estate Sec Inc Fd (NYSEMKT:NRO) news were published by: Seekingalpha.com which released: “Monthly Income For Retirement” on May 04, 2016, also Prnewswire.com with their article: “Neuberger Berman Real Estate Securities Income Fund Announces Results Of …” published on October 03, 2016, Prnewswire.com published: “Neuberger Berman Real Estate Securities Income Fund Announces Commencement Of …” on December 09, 2016. More interesting news about Neuberger Berman Real Estate Sec Inc Fd (NYSEMKT:NRO) were released by: Prnewswire.com and their article: “Neuberger Berman Real Estate Securities Income Fund Announces Dates Of …” published on October 24, 2016 as well as Nasdaq.com‘s news article titled: “Neuberger Berman Real Estate Securities Income Fund, Inc. (NRO) Ex-Dividend …” with publication date: January 26, 2017.

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