Could Western Asset Investment Grade (PAI) Go Down? The Stock Formed Wedge Down

May 16, 2018 - By Adrian Erickson

Investors sentiment increased to 1 in 2017 Q4. Its up 0.56, from 0.44 in 2017Q3. It is positive, as 2 investors sold Western Asset Investment Grade shares while 5 reduced holdings. 2 funds opened positions while 5 raised stakes. 466,589 shares or 1.43% less from 473,377 shares in 2017Q3 were reported.
Royal Financial Bank Of Canada has invested 0% in Western Asset Investment Grade (NYSE:PAI). Bank Of America De holds 0% of its portfolio in Western Asset Investment Grade (NYSE:PAI) for 50,691 shares. Invesco holds 0% in Western Asset Investment Grade (NYSE:PAI) or 12,815 shares. Benjamin F Edwards reported 0% stake. Granite Invest Ptnrs accumulated 45,802 shares or 0.05% of the stock. 113,994 are owned by Clifford Swan Investment Counsel Lc. Morgan Stanley has invested 0% in Western Asset Investment Grade (NYSE:PAI). Guggenheim Cap Limited Liability Company reported 39,046 shares stake. Northwestern Mutual Wealth accumulated 0% or 140 shares. 10,204 were accumulated by Cap Invest Limited Liability Company. Moreover, Sei has 0% invested in Western Asset Investment Grade (NYSE:PAI) for 400 shares. M&R Cap Management, a New York-based fund reported 23,379 shares. Financial Mngmt Professionals stated it has 0.01% of its portfolio in Western Asset Investment Grade (NYSE:PAI). Wells Fargo And Mn stated it has 103,915 shares. Raymond James Financial Incorporated holds 0% or 30,006 shares in its portfolio.

The stock of Western Asset Investment Grade (PAI) formed a down wedge with $13.34 target or 3.00 % below today’s $13.75 share price. The 8 months wedge indicates high risk for the $130.38 million company. If the $13.34 price target is reached, the company will be worth $3.91 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.28% or $0.04 during the last trading session, reaching $13.75. About 5,404 shares traded. Western Asset Investment Grade (NYSE:PAI) has declined 3.77% since May 16, 2017 and is downtrending. It has underperformed by 15.32% the S&P500.

More news for Western Asset Investment Grade (NYSE:PAI) were recently published by: Seekingalpha.com, which released: “Weekly CEF Roundup: City Of London Battles The China Fund” on May 11, 2018. Businesswire.com‘s article titled: “Western Asset Investment Grade Income Fund Inc. Portfolio Composition as of March 31, 2018” and published on April 26, 2018 is yet another important article.

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