Is Major Move Coming For Templeton Dragon Fund, Inc. (TDF) After This Multiple Top?

December 29, 2017 - By Michael Collier

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.07, from 1.12 in 2017Q2. It dived, as 4 investors sold Templeton Dragon Fund, Inc. shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 18.63 million shares or 0.18% more from 18.60 million shares in 2017Q2 were reported.
Citadel Limited invested in 0% or 20,348 shares. New York-based Virtu Fincl Limited Company has invested 0% in Templeton Dragon Fund, Inc. (NYSE:TDF). Cornerstone Advsr reported 196,412 shares. City Of London Invest Mngmt Limited reported 9.16 million shares stake. Tower Research Capital Lc (Trc) holds 0% or 18 shares. Wells Fargo Co Mn, a California-based fund reported 2.74 million shares. Fin And Inv Grp Incorporated Limited reported 12,407 shares. Thomas J Herzfeld holds 0.21% or 23,135 shares in its portfolio. Janney Montgomery Scott Limited Liability Com reported 30,167 shares or 0.01% of all its holdings. Ameriprise Finance Inc accumulated 13,329 shares. 3,000 were reported by Evercore Wealth Ltd Limited Liability Company. 89,027 were accumulated by Bancorporation Of America Corporation De. Citigroup has invested 0% in Templeton Dragon Fund, Inc. (NYSE:TDF). Deutsche Bank Ag has 0% invested in Templeton Dragon Fund, Inc. (NYSE:TDF) for 17,000 shares. Us National Bank De invested in 2,797 shares or 0% of the stock.

The stock of Templeton Dragon Fund, Inc. (TDF) shows a multiple tops pattern with $22.80 target or 7.00 % above today’s $21.31 share price. The 6 months chart pattern indicates low risk for the $729.92 million company. It was reported on Dec, 29 by Finviz.com. If the $22.80 price target is reached, the company will be worth $51.09 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.57% or $0.12 during the last trading session, reaching $21.31. About 50,002 shares traded. Templeton Dragon Fund, Inc. (NYSE:TDF) has risen 28.74% since December 29, 2016 and is uptrending. It has outperformed by 12.04% the S&P500.

More important recent Templeton Dragon Fund, Inc. (NYSE:TDF) news were published by: Globenewswire.com which released: “Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution” on August 25, 2017, also Marketwired.com published article titled: “Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution”, Nasdaq.com published: “Templeton Dragon Fund, Inc. (TDF) Ex-Dividend Date Scheduled for September 08 …” on September 07, 2016. More interesting news about Templeton Dragon Fund, Inc. (NYSE:TDF) was released by: Globenewswire.com and their article: “Templeton Dragon Fund, Inc. (“TDF”) and Templeton Emerging Markets Fund (“EMF …” with publication date: March 21, 2017.

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