Is First Trust/Aberdeen Emerging Opportunity Fund (FEO) a Buy? The Stock Formed Wedge Up Chart Pattern

Investors sentiment increased to 1.11 in Q4 2018. Its up 0.38, from 0.73 in 2018Q3. It increased, 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.
Moreover, 1607 Capital Limited Liability Corporation has 0.17% invested in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) for 226,889 shares. First Allied Advisory Services invested in 13,946 shares or 0.01% of the stock. Cornerstone Inc holds 58,950 shares or 0.06% of its portfolio. Geode Cap Management Limited Liability accumulated 48,082 shares. Rmb Capital Management Ltd holds 0.01% or 34,315 shares. Wells Fargo And Co Mn stated it has 0% in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). Invesco Ltd has invested 0% of its portfolio in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). 584,951 are owned by Lazard Asset Management Ltd Llc. Moreover, Landscape Mgmt Ltd Company has 0.01% invested in First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) for 11,218 shares. Royal National Bank & Trust Of Canada holds 0% or 62,626 shares in its portfolio. First Hawaiian Financial Bank holds 0% or 300 shares in its portfolio. 30,795 were accumulated by Raymond James Financial Services Advsrs. State Bank Of America De accumulated 49,118 shares. Lpl Fincl Lc owns 10,236 shares. Morgan Stanley invested in 0% or 139,569 shares.

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: “JEMD – Pinch Your Nose As You Buy It – Seeking Alpha” on April 08, 2018, also Seekingalpha.com with their article: “Saba Capital’s New ETF Of Closed-End Funds – Seeking Alpha” published on March 30, 2017, Seekingalpha.com published: “Weekly Closed-End Fund Roundup: DSU Tender Offer Announced – Seeking Alpha” on March 29, 2019. 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 Prnewswire.com‘s news article titled: “Kennametal Executive Chairman Ronald De Feo to Retire; Lawrence W. Stranghoener Named Chairman of the Board – PR Newswire” with publication date: June 28, 2018.

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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