What’s Next for The Asia Tigers Fund, Inc. (GRR) After Forming Bearish Ascending Triangle Pattern?

December 8, 2017 - By wolcottdaily

Investors sentiment decreased to 0.4 in 2017 Q2. Its down 1.35, from 1.75 in 2017Q1. It fall, as 2 investors sold The Asia Tigers Fund, Inc. shares while 3 reduced holdings. 0 funds opened positions while 2 raised stakes. 1.53 million shares or 0.78% more from 1.52 million shares in 2017Q1 were reported.
1607 Cap Prtn Limited Liability Company invested in 180,596 shares or 0.13% of the stock. Css Limited Company Il holds 0.01% or 14,872 shares in its portfolio. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 5,514 shares. Thomas J Herzfeld Advisors Incorporated accumulated 2,000 shares. City Of London Inv Mgmt owns 1.12M shares for 1.02% of their portfolio. Bankshares Of America De holds 20,000 shares or 0% of its portfolio. Blue Bell Private Wealth Lc accumulated 1,549 shares. Wells Fargo Mn has invested 0% in The Asia Tigers Fund, Inc. (NYSE:GRR). Morgan Stanley holds 0% of its portfolio in The Asia Tigers Fund, Inc. (NYSE:GRR) for 785 shares. Bulldog Investors Ltd Llc has 0.49% invested in The Asia Tigers Fund, Inc. (NYSE:GRR) for 161,657 shares.

The stock of The Asia Tigers Fund, Inc. (GRR) formed an ascending triangle with $11.85 target or 4.00 % below today’s $12.34 share price. The 7 months triangle pattern indicates high risk for the $ company. If the $11.85 price target is reached, the company will be worth $ less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.32% or $0.04 during the last trading session, reaching $12.34. About 728 shares traded. The Asia Tigers Fund, Inc. (NYSE:GRR) has risen 37.03% since December 8, 2016 and is uptrending. It has outperformed by 20.33% the S&P500.

More news for The Asia Tigers Fund, Inc. (NYSE:GRR) were recently published by: Prnewswire.com, which released: “The Asia Tigers Fund, Inc. To Join Six Aberdeen-Advised Closed-End Funds In A …” on October 31, 2017. Marketwatch.com‘s article titled: “Asia Tigers Fund Inc.” and published on January 31, 2011 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.