After Today’s Gap Down, Is Schroder AsiaPacific Fund plc’s Near-Term Analysis Negative?

 After Today's Gap Down, Is Schroder AsiaPacific Fund plc's Near Term Analysis Negative?

The stock of Schroder AsiaPacific Fund plc (LON:SDP) gapped down by GBX 3.213 today and has GBX 313.63 target or 8.00% below today’s GBX 340.90 share price. The 6 months technical chart setup indicates high risk for the GBX 573.42M company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 313.63 price target is reached, the company will be worth GBX 45.87M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock increased 0.56% or GBX 1.9 on November 10, hitting GBX 340.9. About 48,793 shares traded hands. Schroder AsiaPacific Fund plc (LON:SDP) has risen 7.81% since April 13, 2016 and is uptrending. It has outperformed by 2.16% the S&P500.

More notable recent Schroder AsiaPacific Fund plc (LON:SDP) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on July 20, 2009, also Bloomberg.com with their article: “Schroders to Add Brookfield Credit Team Managing $4 Billion” published on May 16, 2016, Bloomberg.com published: “Ex-Schroders Trader Clarke Gets 2 Years for Insider Dealing” on June 13, 2016. More interesting news about Schroder AsiaPacific Fund plc (LON:SDP) were released by: Bloomberg.com and their article: “Schroders Reports First Outflows in Two Years After Selloff” published on November 05, 2015 as well as Bloomberg.com‘s news article titled: “U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat” with publication date: July 05, 2016.

Schroder AsiaPacific Fund plc is a United Kingdom investment trust. The company has a market cap of 573.42 million GBP. The Company’s principal investment objective is to achieve capital growth through investment primarily in equities of companies located in the continent of Asia , together with the Far Eastern countries bordering the Pacific Ocean, with the focus of achieving growth in excess of the MSCI All Countries Asia excluding Japan Index in Sterling Terms (Benchmark Index) over the longer term. It currently has negative earnings. The Firm principally invests in a diversified portfolio of companies located in the continent of Asia (excluding the Middle East and Japan).

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.

Related posts

Leave a Comment