The Taiwan Fund, Inc. (TWN) on Focus After Forming Wedge Up Pattern

December 7, 2017 - By Winifred Garcia

Investors sentiment increased to 2 in Q2 2017. Its up 1.33, from 0.67 in 2017Q1. It is positive, as 3 investors sold The Taiwan Fund, Inc. shares while 1 reduced holdings. 4 funds opened positions while 4 raised stakes. 6.54 million shares or 2.56% more from 6.38 million shares in 2017Q1 were reported.
50,804 were accumulated by Thomas J Herzfeld Advisors. Css Ltd Liability Corporation Il accumulated 58,022 shares. Strs Ohio invested 0.01% of its portfolio in The Taiwan Fund, Inc. (NYSE:TWN). Wells Fargo Mn has 354,228 shares. Bulldog Investors Lc reported 17,689 shares. Aberdeen Asset Mgmt Public Ltd Company Uk has invested 0.02% in The Taiwan Fund, Inc. (NYSE:TWN). Deutsche Bankshares Ag stated it has 11,929 shares. Lazard Asset Ltd Liability Corporation reported 1.51 million shares. Karpus Management owns 106,067 shares or 0.11% of their US portfolio. Morgan Stanley owns 1,482 shares for 0% of their portfolio. Wolverine Asset Mgmt Ltd Liability has invested 0.01% in The Taiwan Fund, Inc. (NYSE:TWN). Vantage Invest Ltd Liability has 0.01% invested in The Taiwan Fund, Inc. (NYSE:TWN) for 503 shares. City Of London Co Ltd holds 3.48M shares. Savings Bank Of America Corporation De accumulated 1,000 shares. 1607 Cap Prns Ltd Limited Liability Company holds 0.4% or 339,340 shares in its portfolio.

The stock of The Taiwan Fund, Inc. (TWN) formed an up wedge with $21.90 target or 7.00 % above today’s $20.47 share price. The 6 months wedge indicates low risk for the $167.75 million company. If the $21.90 price target is reached, the company will be worth $11.74M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.53% or $0.11 during the last trading session, reaching $20.47. About 3,525 shares traded. The Taiwan Fund, Inc. (NYSE:TWN) has risen 36.43% since December 8, 2016 and is uptrending. It has outperformed by 19.73% the S&P500.

More news for The Taiwan Fund, Inc. (NYSE:TWN) were recently published by: Prnewswire.com, which released: “The Taiwan Fund, Inc. Announces Share Repurchases under its Discount …” on December 05, 2017. Prnewswire.com‘s article titled: “The Taiwan Fund, Inc. Announces the Results of the Annual Stockholders Meeting” and published on April 19, 2017 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.