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Cohen & Steers Fund's 15min Chart Triggers Narrowing Bollinger Bands, Bearish Marubozu Signal
ByAinvest
Thursday, Apr 24, 2025 2:35 pm ET1min read
The 15-minute chart for Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund has triggered a narrowing of Bollinger Bands and a bearish Marubozu pattern as of April 24, 2025 at 14:30. This indicates that the magnitude of stock price fluctuations is decreasing, and that sellers are currently in control of the market. Furthermore, this bearish momentum is likely to continue.
The recent market volatility has given rise to several momentum stocks, particularly in the pharmaceuticals and furniture sectors. Companies like Certara Inc. (NASDAQ: CERT) and Schrödinger Inc. (NASDAQ: SDGR) have seen significant gains following strong financial reports and regulatory shifts. Meanwhile, Lovesac Co. (NASDAQ: LOVE) has also benefited from its adaptable business model in the face of tariff uncertainty.Certara Inc., a software-based drug development firm, has seen a 30% year-to-date (YTD) increase in its stock price. This surge can be attributed to its strong financial outlook and a new version of its Simcyp Simulator, which forecasts drug behavior in bodily tissues [1]. Similarly, Schrödinger Inc., another drug discovery company, has seen a 25% YTD increase, driven by the FDA's announcement to phase out animal testing and a legal settlement [1].
Lovesac Co., a modular furniture maker, has seen a 23% increase in its stock price following an earnings report that beat expectations and the announcement of new product launches. The company's adaptable supply chain model allows it to navigate geopolitical uncertainties more effectively [1].
On a broader scale, the 15-minute chart for Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund has shown a narrowing of Bollinger Bands and a bearish Marubozu pattern as of April 24, 2025 at 14:30. This indicates that the magnitude of stock price fluctuations is decreasing, and sellers are currently in control of the market. The bearish momentum is likely to continue [2].
References:
[1] https://www.barchart.com/story/news/31984058/3-momentum-stocks-that-could-soar-post-market-volatility
[2] (Provided chart data)
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