The Asia Tigers Fund, Inc. (GRR)’s Ascending Triangle Points to Higher Stock Risks

December 8, 2017 - By Winifred Garcia

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 holds 0% or 785 shares in its portfolio. 1607 Capital Ltd Com reported 0.13% stake. Natl Bank Of America Corp De accumulated 0% or 20,000 shares. Blue Bell Private Wealth Limited Liability invested in 1,549 shares or 0.01% of the stock. Thomas J Herzfeld Inc has invested 0.01% in The Asia Tigers Fund, Inc. (NYSE:GRR). Wells Fargo And Mn has invested 0% of its portfolio in The Asia Tigers Fund, Inc. (NYSE:GRR). Royal Savings Bank Of Canada has 0% invested in The Asia Tigers Fund, Inc. (NYSE:GRR) for 5,514 shares. The Illinois-based Css Lc Il has invested 0.01% in The Asia Tigers Fund, Inc. (NYSE:GRR). 1.12 million were accumulated by City Of London Invest. Bulldog Invsts Lc has 161,657 shares for 0.49% of their portfolio.

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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