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Eaton Vance Enhanced Equity Income Fund II (EOS) on Focus After Forming Multiple Top Chart Pattern

Investors sentiment increased to 2.36 in Q2 2018. Its up 0.44, from 1.92 in 2018Q1. It increased, as 3 investors sold Eaton Vance Enhanced Equity Income Fund II shares while 8 reduced holdings. 7 funds opened positions while 19 raised stakes. 6.69 million shares or 0.03% less from 6.69 million shares in 2018Q1 were reported.
Ameriprise Financial has 63,998 shares for 0% of their portfolio. Benjamin F Edwards & Communication Inc owns 2,673 shares. Sei Investments Company has 40 shares. Raymond James Finance Service Inc has invested 0.03% in Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS). Us Bankshares De holds 16,053 shares or 0% of its portfolio. Fincl Bank Of Ny Mellon holds 10,400 shares. Raymond James Associates invested in 276,725 shares. Pnc Financial Service Gru holds 0% or 13,305 shares. Security Trust owns 1,000 shares. Bb&T Secs reported 0% in Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS). Goldman Sachs Gp owns 10,200 shares. Fifth Third National Bank & Trust holds 0% or 1,435 shares. Wells Fargo Communication Mn accumulated 0% or 170,012 shares. Coldstream Cap Management invested in 0.07% or 39,224 shares. City Com holds 0.01% of its portfolio in Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) for 1,260 shares.

The stock of Eaton Vance Enhanced Equity Income Fund II (EOS) shows a multiple tops pattern with $17.61 target or 7.00 % above today’s $16.46 share price. The 8 months chart pattern indicates low risk for the $784.49M company. It was reported on Nov, 10 by Finviz.com. If the $17.61 price target is reached, the company will be worth $54.91 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 1.91% or $0.32 during the last trading session, reaching $16.46. About 98,956 shares traded. Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) has risen 17.00% since November 10, 2017 and is uptrending. It has outperformed by 1.38% the S&P500.

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The company has market cap of $784.49 million. The fund invests in public equity markets of the United States. It has a 6.04 P/E ratio. It seeks to invest in the stocks of companies operating across diversified sectors.

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