What’s Morgan Stanley India Investment Fund, Inc. (IIF) Downside After Forming Head & Shoulders?

April 24, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.32, from 1.4 in 2017Q3. It dived, as 3 investors sold Morgan Stanley India Investment Fund, Inc. shares while 9 reduced holdings. 6 funds opened positions while 7 raised stakes. 5.72 million shares or 4.17% less from 5.97 million shares in 2017Q3 were reported.
Gould Asset Mngmt Ltd Co Ca invested in 0.11% or 7,764 shares. Tower Research Ltd Company (Trc) accumulated 392 shares or 0% of the stock. Letko Brosseau & Associate Inc accumulated 475,150 shares. Benjamin F Edwards And holds 0.01% or 3,962 shares in its portfolio. Us Bancshares De holds 0% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) or 17 shares. Strs Ohio reported 0.01% of its portfolio in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). Rmb Management Limited Liability Corp holds 63,976 shares. Lazard Asset Ltd has invested 0% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). Royal Bank & Trust Of Canada has invested 0% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). Walleye Trading Ltd Co invested in 0% or 7,600 shares. State Of New Jersey Common Pension Fund D has 0.06% invested in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) for 488,333 shares. Deutsche Financial Bank Ag holds 0% or 397 shares. Gramercy Funds Mgmt Ltd Liability Corp accumulated 0.51% or 93,744 shares. North Star Asset Management reported 118,238 shares. Envestnet Asset Mgmt has invested 0% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF).

Since December 12, 2017, it had 0 buys, and 25 selling transactions for $16.15 million activity.

The stock of Morgan Stanley India Investment Fund, Inc. (IIF) formed H&S with $29.92 target or 3.00 % below today’s $30.85 share price. The 6 months Head & Shoulders indicates high risk for the $443.03 million company. It was reported on Apr, 24 by Faxor.com. If the $29.92 price target is reached, the company will be worth $13.29M 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 0.82% or $0.25 during the last trading session, reaching $30.85. About 35,789 shares traded. Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) has risen 16.30% since April 24, 2017 and is uptrending. It has outperformed by 4.75% the S&P500.

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