Can John Hancock Financial Opportunities Fund (BTO)’s Tomorrow be Different? The Stock Formed a Bullish Double Top

April 23, 2018 - By Louis Casey

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.39, from 1.56 in 2017Q3. It dropped, as 4 investors sold John Hancock Financial Opportunities Fund shares while 14 reduced holdings. 10 funds opened positions while 11 raised stakes. 3.60 million shares or 0.00% more from 3.60 million shares in 2017Q3 were reported.
Tradewinds Capital Management Ltd Limited Liability Company stated it has 0.03% of its portfolio in John Hancock Financial Opportunities Fund (NYSE:BTO). Community Bankshares Of Raymore has invested 0.27% in John Hancock Financial Opportunities Fund (NYSE:BTO). Lincoln National Corporation, a Pennsylvania-based fund reported 8,513 shares. Patten And Patten Tn holds 303,140 shares or 1.19% of its portfolio. Aurora Counsel holds 0.54% of its portfolio in John Hancock Financial Opportunities Fund (NYSE:BTO) for 27,834 shares. Stratos Wealth Prns Limited reported 3,794 shares. Sei Investments Company stated it has 1,294 shares or 0% of all its holdings. Bb&T reported 0.01% stake. Regions Fin Corp has invested 0% of its portfolio in John Hancock Financial Opportunities Fund (NYSE:BTO). Parametric Assoc Limited reported 0% in John Hancock Financial Opportunities Fund (NYSE:BTO). Northwestern Mutual Wealth Management reported 935 shares stake. Fca Corp Tx reported 1.64% in John Hancock Financial Opportunities Fund (NYSE:BTO). Da Davidson And Com stated it has 8,800 shares or 0.01% of all its holdings. Institute For Wealth Mngmt Ltd Liability Com owns 0.1% invested in John Hancock Financial Opportunities Fund (NYSE:BTO) for 11,143 shares. 128,714 are held by Raymond James Financial Inc.

The chart of John Hancock Financial Opportunities Fund (BTO) shows a double top with $40.27 target or 3.00 % above today’s $39.10 share price. The 8 months chart pattern indicates low risk for the $729.13 million company. It was reported on Apr, 23 by Finviz.com. If the $40.27 price target is reached, the company will be worth $21.87 million more. Double tops are rare but powerful chart patterns.

The stock increased 1.11% or $0.43 during the last trading session, reaching $39.1. About 7,312 shares traded. John Hancock Financial Opportunities Fund (NYSE:BTO) has risen 15.32% since April 23, 2017 and is uptrending. It has outperformed by 3.77% the S&P500.

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