Traders Are Bearish KKR Income Opportunities Fund (KIO) After The Stock Formed Bearish Multiple Bottom Pattern

February 15, 2018 - By Rusty Cady

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.37, from 1.45 in 2017Q2. It dived, as 5 investors sold KKR Income Opportunities Fund shares while 7 reduced holdings. 3 funds opened positions while 10 raised stakes. 2.71 million shares or 4.07% more from 2.61 million shares in 2017Q2 were reported.
Highlander Cap Mngmt Limited Liability Corp reported 68,330 shares. Northwestern Mutual Wealth Mngmt invested 0% in KKR Income Opportunities Fund (NYSE:KIO). Moreover, Royal Bancorporation Of Canada has 0% invested in KKR Income Opportunities Fund (NYSE:KIO) for 35,728 shares. Moreover, Capital Inv Advsrs Limited Com has 0.09% invested in KKR Income Opportunities Fund (NYSE:KIO) for 71,007 shares. First Manhattan Company invested 0% of its portfolio in KKR Income Opportunities Fund (NYSE:KIO). Whittier Trust has invested 0% in KKR Income Opportunities Fund (NYSE:KIO). Moreover, Lpl Ltd Liability Co has 0% invested in KKR Income Opportunities Fund (NYSE:KIO) for 12,550 shares. Sigma Planning Corp holds 42,659 shares or 0.06% of its portfolio. Wells Fargo And Co Mn invested in 0% or 271,390 shares. Manufacturers Life Insur Co The stated it has 0% in KKR Income Opportunities Fund (NYSE:KIO). First Trust Advisors Lp stated it has 75,868 shares or 0% of all its holdings. Next Fincl Grp Incorporated reported 550 shares stake. Stifel Fincl Corp, Missouri-based fund reported 53,988 shares. Guggenheim Capital Limited Liability Corporation invested in 0.01% or 356,674 shares. Parametric Portfolio Associate Limited Liability reported 34,498 shares.

The stock of KKR Income Opportunities Fund (KIO) shows a multiple bottoms pattern with $15.16 target or 3.00 % below today’s $15.63 share price. The 9 months chart pattern indicates high risk for the $ company. It was reported on Feb, 15 by Finviz.com. If the $15.16 price target is reached, the company will be worth $ less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.21% or $0.0328 during the last trading session, reaching $15.6328. About 45,616 shares traded. KKR Income Opportunities Fund (NYSE:KIO) has risen 18.22% since February 15, 2017 and is uptrending. It has outperformed by 1.52% the S&P500.

More notable recent KKR Income Opportunities Fund (NYSE:KIO) news were published by: Seekingalpha.com which released: “KIO Rights Offering: Analysis And Thoughts” on November 06, 2017, also Businesswire.com with their article: “KKR Income Opportunities Fund Announces the Results of Its Rights Offering” published on November 20, 2017, Seekingalpha.com published: “Weekly Fund Spotlight: KKR Income Opportunities Fund” on December 12, 2017. More interesting news about KKR Income Opportunities Fund (NYSE:KIO) were released by: Seekingalpha.com and their article: “Thoughts On KIO’s Rights Offering” published on December 14, 2017 as well as Businesswire.com‘s news article titled: “KKR Income Opportunities Fund Declares Special Distribution of $0.050 Per …” with publication date: December 19, 2017.

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