Korea Fund Inc (KF)’s Stock Formed A Several Months H&S Pattern

September 17, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.36, from 1.25 in 2016Q3. It fall, as 5 investors sold Korea Fund Inc shares while 4 reduced holdings. 0 funds opened positions while 8 raised stakes. 4.42 million shares or 2.51% less from 4.53 million shares in 2016Q3 were reported.
Amica Retiree holds 0.01% of its portfolio in Korea Fund Inc (NYSE:KF) for 392 shares. Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.01% in Korea Fund Inc (NYSE:KF). Barclays Public Ltd Com, United Kingdom-based fund reported 1,638 shares. Pnc Financial Serv Gru has invested 0% in Korea Fund Inc (NYSE:KF). Lazard Asset Mgmt Ltd Liability Com has 913,324 shares for 0.06% of their portfolio. 40,000 were reported by Strs Ohio. National Bank Of America De has invested 0% in Korea Fund Inc (NYSE:KF). Landscape Ltd Co stated it has 25,463 shares. Pictet Financial Bank & Ltd owns 0.1% invested in Korea Fund Inc (NYSE:KF) for 8,970 shares. 113,759 are owned by Gramercy Funds Management Limited Liability Company. Wells Fargo & Mn has invested 0% in Korea Fund Inc (NYSE:KF). Citigroup stated it has 22,665 shares. Creative Planning invested in 0% or 1,117 shares. City Of London Invest Mngmt Co Limited stated it has 6.28% in Korea Fund Inc (NYSE:KF). Edge Wealth Mgmt Llc has 450 shares for 0.01% of their portfolio.

The stock of Korea Fund Inc (KF) formed H&S with $37.78 target or 7.00 % below today’s $40.62 share price. The 7 months Head & Shoulders indicates high risk for the $233.92 million company. It was reported on Sep, 17 by Faxor.com. If the $37.78 price target is reached, the company will be worth $16.37 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.74% or $0.3 on September 15, reaching $40.62. About 4,191 shares traded. Korea Fund Inc (NYSE:KF) has risen 32.86% since September 17, 2016 and is uptrending. It has outperformed by 16.16% the S&P500.

More recent Korea Fund Inc (NYSE:KF) news were published by: Finance.Yahoo.com which released: “The Korea Fund, Inc. Announces 10% Common Stock Tender Offer” on April 18, 2017. Also Businesswire.com published the news titled: “The Korea Fund, Inc. Reports Results for the Fiscal Quarter and Year Ended …” on August 29, 2017. Businesswire.com‘s news article titled: “The Korea Fund, Inc. Announces Commencement of Tender Offer” with publication date: April 26, 2017 was also an interesting one.

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