It Seems The Asia Pacific Fund, Inc. (APB) Will Go Down. Formed A Few Months Head & Shoulders Pattern

June 18, 2018 - By Dolores Ford

Investors sentiment is 1.6 in Q1 2018. Its the same as in 2017Q4. It has no change, as 1 investors sold The Asia Pacific Fund, Inc. shares while 4 reduced holdings. only 4 funds opened positions while 4 raised stakes. 7.51 million shares or 2.19% more from 7.35 million shares in 2017Q4 were reported.
Raymond James Ser Advsrs holds 0% or 13,019 shares. Moreover, Strs Ohio has 0.01% invested in The Asia Pacific Fund, Inc. (NYSE:APB). Css Limited Co Il owns 90,550 shares or 0.07% of their US portfolio. Wells Fargo & Co Mn invested in 0% or 2,067 shares. New York-based Karpus Mgmt has invested 1.12% in The Asia Pacific Fund, Inc. (NYSE:APB). City Of London Mgmt Communication Ltd, United Kingdom-based fund reported 4.65 million shares. Citigroup has invested 0% in The Asia Pacific Fund, Inc. (NYSE:APB). Fincl Counselors invested 0.01% in The Asia Pacific Fund, Inc. (NYSE:APB). Thomas J Herzfeld Advsrs reported 0.02% in The Asia Pacific Fund, Inc. (NYSE:APB). Seaward Mgmt Lp invested in 0.01% or 13,030 shares. Deutsche Natl Bank Ag holds 0% in The Asia Pacific Fund, Inc. (NYSE:APB) or 15,000 shares. Virginia-based 1607 Prtn Llc has invested 0.3% in The Asia Pacific Fund, Inc. (NYSE:APB). Ancora Ltd invested in 0.01% or 14,713 shares. Brinker Cap Inc has 48,641 shares for 0.03% of their portfolio. Bulldog Invsts Ltd Co holds 0.13% of its portfolio in The Asia Pacific Fund, Inc. (NYSE:APB) for 30,920 shares.

Since June 4, 2018, it had 0 insider buys, and 1 insider sale for $943,495 activity.

The stock of The Asia Pacific Fund, Inc. (APB) formed H&S with $13.46 target or 8.00 % below today’s $14.63 share price. The 9 months Head & Shoulders indicates high risk for the $151.33M company. It was reported on Jun, 18 by Faxor.com. If the $13.46 price target is reached, the company will be worth $12.11 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.07% or $0.01 during the last trading session, reaching $14.63. About 2,908 shares traded. The Asia Pacific Fund, Inc. (NYSE:APB) has risen 21.00% since June 18, 2017 and is uptrending. It has outperformed by 8.43% the S&P500.

More news for The Asia Pacific Fund, Inc. (NYSE:APB) were recently published by: Globenewswire.com, which released: “The Asia Pacific Fund, Inc. Board to Submit Proposal for Liquidation of the Fund to Vote of Stockholders” on May 23, 2018. Globenewswire.com‘s article titled: “The Asia Pacific Fund, Inc. Files Its Annual Report” and published on May 30, 2018 is yet another important article.

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