Virtus Global Dividend & Income Fund Inc (ZTR) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up Pattern

July 18, 2017 - By Clifton Ray

The stock of Virtus Global Dividend & Income Fund Inc (ZTR) formed an up wedge with $14.01 target or 9.00 % above today’s $12.85 share price. The 7 months wedge indicates low risk for the $330.15M company. If the $14.01 price target is reached, the company will be worth $29.71M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.08% or $0.01 on July 17, reaching $12.85. About shares traded. Virtus Global Dividend & Income Fund Inc (NYSE:ZTR) has risen 7.90% since July 18, 2016 and is uptrending. It has underperformed by 8.80% the S&P500.

More notable recent Virtus Global Dividend & Income Fund Inc (NYSE:ZTR) news were published by: Prnewswire.com which released: “Zweig Total Return Fund Changes Name To Virtus Global Dividend & Income Fund” on September 23, 2016, also Nasdaq.com with their article: “Virtus Global Dividend & Income Fund Inc. (ZTR) Ex-Dividend Date Scheduled for …” published on July 10, 2017, Prnewswire.com published: “Virtus Global Dividend & Income Fund, Zweig Fund Commence Tender Offers” on November 25, 2016. More interesting news about Virtus Global Dividend & Income Fund Inc (NYSE:ZTR) were released by: Marketwatch.com and their article: “12.85” published on May 19, 2011 as well as Nasdaq.com‘s news article titled: “Virtus Global Dividend & Income Fund Inc. (ZTR) Ex-Dividend Date Scheduled for …” with publication date: February 08, 2017.

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