How Analysts Feel About The Asia Tigers Fund, Inc. (GRR) After Forming Bearish Ascending Triangle Pattern?

December 8, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.4 in Q2 2017. Its down 1.35, from 1.75 in 2017Q1. It dived, 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.
Morgan Stanley reported 785 shares. Royal Retail Bank Of Canada has invested 0% of its portfolio in The Asia Tigers Fund, Inc. (NYSE:GRR). Fincl Bank Of America De owns 20,000 shares for 0% of their portfolio. Blue Bell Private Wealth Ltd holds 1,549 shares. City Of London Mngmt, United Kingdom-based fund reported 1.12M shares. Css Limited Liability Corp Il invested 0.01% in The Asia Tigers Fund, Inc. (NYSE:GRR). Thomas J Herzfeld Advsr stated it has 0.01% of its portfolio in The Asia Tigers Fund, Inc. (NYSE:GRR). Wells Fargo & Mn accumulated 19,499 shares or 0% of the stock. 1607 Prns Limited Liability owns 180,596 shares. 161,657 were reported by Bulldog Limited Liability.

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

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