KKR Income Opportunities Fund (KIO)’s Trend Down, Especially After Forming a Bearish Multiple Bottom Chart Pattern

February 15, 2018 - By Peter Erickson

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.37, from 1.45 in 2017Q2. It dived, as 5 investors sold KKR Income Opportunities Fund shares while 7 reduced holdings. 3 funds opened positions while 10 raised stakes. 2.71 million shares or 4.07% more from 2.61 million shares in 2017Q2 were reported.
Northwestern Mutual Wealth Management invested in 0% or 1,700 shares. Sigma Planning, a Michigan-based fund reported 42,659 shares. Lpl invested in 0% or 12,550 shares. First Advsrs Lp reported 0% of its portfolio in KKR Income Opportunities Fund (NYSE:KIO). Lc reported 71,007 shares. Bessemer Gru Incorporated holds 160,052 shares. Whittier holds 1,250 shares or 0% of its portfolio. Parametric Port Associate Ltd Co accumulated 34,498 shares or 0% of the stock. Next Fin Group Inc invested 0% in KKR Income Opportunities Fund (NYSE:KIO). Cambridge Investment Advisors Incorporated owns 20,052 shares for 0% of their portfolio. Commonwealth Equity Svcs holds 97,394 shares or 0.01% of its portfolio. Georgia-based Invesco has invested 0% in KKR Income Opportunities Fund (NYSE:KIO). Highlander Mngmt Limited Com owns 68,330 shares or 0.95% of their US portfolio. Manufacturers Life The has invested 0% in KKR Income Opportunities Fund (NYSE:KIO). Citigroup holds 0% in KKR Income Opportunities Fund (NYSE:KIO) or 3,000 shares.

The stock of KKR Income Opportunities Fund (KIO) shows a multiple bottoms pattern with $15.16 target or 3.00 % below today’s $15.63 share price. The 9 months chart pattern indicates high risk for the $ company. It was reported on Feb, 15 by Finviz.com. If the $15.16 price target is reached, the company will be worth $ less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.21% or $0.0328 during the last trading session, reaching $15.6328. About 45,616 shares traded. KKR Income Opportunities Fund (NYSE:KIO) has risen 18.22% since February 15, 2017 and is uptrending. It has outperformed by 1.52% the S&P500.

More notable recent KKR Income Opportunities Fund (NYSE:KIO) news were published by: Seekingalpha.com which released: “Thoughts On KIO’s Rights Offering” on December 14, 2017, also Seekingalpha.com with their article: “KKR Income Opportunities: Good Entry Point For A 10% Yielder” published on December 01, 2015, Businesswire.com published: “KKR Income Opportunities Fund Declares Special Distribution of $0.050 Per …” on December 19, 2017. More interesting news about KKR Income Opportunities Fund (NYSE:KIO) were released by: Businesswire.com and their article: “KKR Income Opportunities Fund Announces Terms of Rights Offering” published on October 12, 2017 as well as Businesswire.com‘s news article titled: “KKR Income Opportunities Fund to Hold Investor Call” with publication date: February 09, 2018.

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