NYSE:IFN', 'The India Fund Inc.', 'http://kldaily.com/kl-logo.png');

What’s in The India Fund, Inc. (IFN) After Forming Multiple Top Chart Pattern?

December 8, 2017 - By reb123z

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.77, from 1.72 in 2017Q1. It fall, as 6 investors sold The India Fund, Inc. shares while 14 reduced holdings. 4 funds opened positions while 15 raised stakes. 8.40 million shares or 4.93% less from 8.83 million shares in 2017Q1 were reported.
Diversified Co reported 160,093 shares. 997 are owned by Fifth Third Bancshares. Gramercy Funds Mngmt Ltd Company holds 0.11% or 20,824 shares in its portfolio. Wfg Advisors Limited Partnership stated it has 1,704 shares or 0.01% of all its holdings. Illinois-based Css Lc Il has invested 0.05% in The India Fund, Inc. (NYSE:IFN). Bancorporation Of America Corporation De invested 0% of its portfolio in The India Fund, Inc. (NYSE:IFN). James Investment Rech stated it has 0.02% in The India Fund, Inc. (NYSE:IFN). Royal Natl Bank Of Canada owns 49,502 shares for 0% of their portfolio. M&T Bancorporation invested 0% in The India Fund, Inc. (NYSE:IFN). Cibc Mkts owns 0% invested in The India Fund, Inc. (NYSE:IFN) for 11,467 shares. West Virginia-based Security National Communications has invested 0% in The India Fund, Inc. (NYSE:IFN). 14,297 are held by First Manhattan. North Star Inv Mgmt, Illinois-based fund reported 4,871 shares. Lazard Asset Management Limited Liability Company holds 0.15% or 2.66 million shares in its portfolio. Da Davidson Co invested in 4,517 shares or 0% of the stock.

The stock of The India Fund, Inc. (IFN) shows a multiple tops pattern with $28.58 target or 5.00 % above today’s $27.22 share price. The 9 months chart pattern indicates low risk for the $773.15M company. It was reported on Dec, 8 by Finviz.com. If the $28.58 price target is reached, the company will be worth $38.66M 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 increased 1.23% or $0.33 during the last trading session, reaching $27.22. About 76,709 shares traded. The India Fund, Inc. (NYSE:IFN) has risen 26.28% since December 8, 2016 and is uptrending. It has outperformed by 9.58% the S&P500.

More news for The India Fund, Inc. (NYSE:IFN) were recently published by: Prnewswire.com, which released: “The India Fund, Inc. Announces Director Resignations” on June 13, 2017. Prnewswire.com‘s article titled: “The India Fund, Inc. Announces Distribution” and published on September 12, 2017 is yet another important article.

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