Can First Trust/Aberdeen Emerging Opportunity Fund (FEO)’s Tomorrow be Different? The Stock Formed a Bullish Wedge Up

Investors sentiment increased to 1.11 in 2018 Q4. Its up 0.38, from 0.73 in 2018Q3. It is positive, as 2 investors sold First Trust/Aberdeen Emerging Opportunity Fund shares while 7 reduced holdings. 6 funds opened positions while 4 raised stakes. 1.56 million shares or 4.43% more from 1.49 million shares in 2018Q3 were reported.
Bankshares Of America De has invested 0% in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). Wells Fargo And Co Mn, California-based fund reported 144,939 shares. Geode Capital Mgmt Llc, Massachusetts-based fund reported 48,082 shares. Morgan Stanley reported 139,569 shares. Landscape Cap Mgmt Lc owns 11,218 shares. Rmb Cap Management invested in 34,315 shares or 0.01% of the stock. Lazard Asset Mngmt Ltd Liability Com accumulated 584,951 shares. Benjamin F Edwards And reported 0% stake. Wolverine Asset Mgmt Ltd Co has 67,191 shares for 0.01% of their portfolio. 1607 Capital Ptnrs Ltd reported 0.17% of its portfolio in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). Invesco reported 0% of its portfolio in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). First Hawaiian National Bank & Trust invested 0% of its portfolio in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). Cornerstone Advsrs Inc invested in 0.06% or 58,950 shares. Lpl Finance Ltd Llc holds 0% in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) or 10,236 shares. First Allied Advisory owns 13,946 shares or 0.01% of their US portfolio.

The stock of First Trust/Aberdeen Emerging Opportunity Fund (FEO) formed an up wedge with $15.25 target or 9.00 % above today’s $13.99 share price. The 6 months wedge indicates low risk for the $70.83 million company. If the $15.25 price target is reached, the company will be worth $6.37M 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 increased 0.20% or $0.03 during the last trading session, reaching $13.99. About 2,188 shares traded. First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) has declined 16.89% since May 8, 2018 and is downtrending. It has underperformed by 21.26% the S&P500.

More notable recent First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) news were published by: Seekingalpha.com which released: “14 Cheap International Closed-End Funds – Seeking Alpha” on February 22, 2010, also Seekingalpha.com with their article: “FEO – Good Fund, Questionable Coverage, Currently Expensive – Seeking Alpha” published on September 26, 2017, Businesswire.com published: “Myers Industries Appoints Ron De Feo to Its Board of Directors – Business Wire” on August 07, 2018. More interesting news about First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) were released by: Seekingalpha.com and their article: “IRR – You Don’t Have To Pinch Your Nose Here As You Buy, 10% Distribution In A Popular Sector – Seeking Alpha” published on April 29, 2018 as well as Seekingalpha.com‘s news article titled: “Morgan Stanley Emerging Markets Debt Fund – Last Reasonable Global Income CEF? – Seeking Alpha” with publication date: October 05, 2017.

First Trust/Aberdeen Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The company has market cap of $70.83 million. It is co-managed by Aberdeen Asset Management Inc. It currently has negative earnings. The fund invests in public equity and fixed income markets of global emerging countries.

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