What’s Next for High Income Securities Fund (PCF) After Forming Multiple Bottom Chart Pattern?

The stock of High Income Securities Fund (PCF) shows a multiple bottoms pattern with $7.51 target or 9.00 % below today’s $8.25 share price. The 5 months chart pattern indicates high risk for the $45.91 million company. It was reported on Aug, 16 by Finviz.com. If the $7.51 price target is reached, the company will be worth $4.13 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.12% or $0.01 during the last trading session, reaching $8.25. About 17,942 shares traded. High Income Securities Fund (NYSE:PCF) has 0.00% since August 16, 2018 and is . It has by 0.00% the S&P500.

More notable recent High Income Securities Fund (NYSE:PCF) news were published by: Finance.Yahoo.com which released: “Kessler Topaz Meltzer & Check, LLP Reminds Pivotal Software, Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit – Yahoo Finance” on July 24, 2019, also Businesswire.com with their article: “High Income Securities Fund Announces Proxy Voting Policy – Business Wire” published on June 20, 2019, Businesswire.com published: “Putnam High Income Securities Fund Makes Important Announcements – Business Wire” on July 02, 2018. More interesting news about High Income Securities Fund (NYSE:PCF) were released by: Seekingalpha.com and their article: “Weekly Review: High-Yield CEFs – PCF Announced Monthly Distributions – Seeking Alpha” published on July 23, 2019 as well as Businesswire.com‘s news article titled: “High Income Securities Fund Announces Results of Special Meeting – Business Wire” with publication date: January 23, 2019.

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The company has market cap of $45.91 million. The fund is co-managed by Putnam Investments Limited. It has a 34.09 P/E ratio. It invests in the fixed income markets of the United States.

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