FFC Final Target Hit FFC (F & C Claymore Preferred Securities Income Fund) hit the sole profit target of 18.72 last week & will now be moved to the completed trades category. Consider booking partial or full profits and/or raising stops planning to hold FFC longer-term as a income producing investment.
In taking some time off this week, I just noticed that several of the active long Growth & Income Trade Ideas have recently hit an initial and/or final profit target. I have a few things outside of trading to take care this morning but will post updated charts on each of these trades later today or over the weekend. As always, all previous charts and commentary on any trade idea posted on RSOTC can be quickly referenced via the symbol tags. Symbol tags for each stock, ETF or index mentioned in a post will appear at the bottom right hand of [...]
This video covers all of the Growth & Income Trade Ideas currently listed on Right Side of the Chart in the following order: FFC, JPI, NLY, NMO, NSL, & RNO.
Since the original entry just over a month ago, FFC went on make an impulsive breakout above the downtrend line & the chart still looks constructive. This closed-end fund also just paid out the $0.136 monthly dividend. Note that the suggested profit target price level has been added to the updated chart (previous & updated daily charts below):
FFC, along with a few other attractive high yielding fund trade ideas, was passed along by a follower of the site (thanks CM). FFC is a growth & income trade idea. It is a CEF (closed-end fund) which invests primarily in preferred securities. As of Aug 26th, this closed-end fund had a current distribution rate of 9.25% & was selling at a discount to NAV of -1.27%. This CEF has fallen to support with positive divergences building on the MACD & RSI. More information on FFC can be viewed by clicking here. From the look of the chart, FFC may or [...]