What’s Next for The New Ireland Fund, Inc. (IRL) After Forming Double Top Chart Pattern?

September 17, 2017 - By Hazel Jackson

Investors sentiment decreased to 0.78 in Q4 2016. Its down 0.11, from 0.89 in 2016Q3. It worsened, as 2 investors sold The New Ireland Fund, Inc. shares while 7 reduced holdings. 3 funds opened positions while 4 raised stakes. 1.90 million shares or 3.97% more from 1.83 million shares in 2016Q3 were reported.
Dana Invest Inc accumulated 23,228 shares or 0.01% of the stock. Meridian Investment Counsel Inc, California-based fund reported 24,966 shares. 7,394 were reported by National Bank Of America De. Hanson & Doremus Inv Mngmt has invested 0% of its portfolio in The New Ireland Fund, Inc. (NYSE:IRL). Jbf Inc invested in 0.07% or 45,075 shares. Wells Fargo & Co Mn stated it has 0% of its portfolio in The New Ireland Fund, Inc. (NYSE:IRL). 704 were reported by Us Savings Bank De. Css Limited Liability Company Il invested in 79,234 shares. James Inc holds 0% in The New Ireland Fund, Inc. (NYSE:IRL) or 9,626 shares. Cornerstone Advsrs Inc owns 0.03% invested in The New Ireland Fund, Inc. (NYSE:IRL) for 15,637 shares. 1607 Capital Ptnrs Limited Liability Corporation reported 464,741 shares. Pnc Service Group accumulated 31,059 shares. Bulldog Invsts Limited Liability reported 0.58% in The New Ireland Fund, Inc. (NYSE:IRL). 7,728 are owned by Thomas J Herzfeld Advisors. Whittier Tru Co reported 2,626 shares stake.

The chart of The New Ireland Fund, Inc. (IRL) shows a double top with $14.58 target or 4.00 % above today’s $14.02 share price. The 5 months chart pattern indicates low risk for the $74.83 million company. It was reported on Sep, 17 by Finviz.com. If the $14.58 price target is reached, the company will be worth $2.99 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.11% or $0.02 on September 15, reaching $14.02. About 13,847 shares traded or 17.34% up from the average. The New Ireland Fund, Inc. (NYSE:IRL) has risen 0.90% since September 17, 2016 and is uptrending. It has underperformed by 15.80% the S&P500.

More notable recent The New Ireland Fund, Inc. (NYSE:IRL) news were published by: Marketwired.com which released: “The New Ireland Fund, Inc. — Tender Offer Update” on May 08, 2017, also Marketwired.com with their article: “The New Ireland Fund, Inc. Announces Final Results of Tender Offer” published on May 11, 2017, Marketwired.com published: “The New Ireland Fund, Inc. Announces Potential Tender Offer” on June 28, 2016. More interesting news about The New Ireland Fund, Inc. (NYSE:IRL) were released by: Marketwired.com and their article: “The New Ireland Fund, Inc. Update to Quarterly Distribution” published on September 12, 2017 as well as Marketwired.com‘s news article titled: “The New Ireland Fund, Inc. Approves and Announces Terms of Rights Offering” with publication date: September 15, 2017.

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