Aberdeen Global Income Fund Inc (FCO) stock has gained 0.64% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With FCO Stock Today?
Aberdeen Global Income Fund Inc (FCO) stock is trading at $6.25 as of 1:12 PM on Wednesday, Jul 1, an increase of $0.07, or 1.18% from the previous closing price of $6.18. Volume today is elevated. So far 124,855 shares have traded compared to average volume of 42,010 shares. The stock has traded between $6.17 and $6.36 so far today.
More About Aberdeen Global Income Fund Inc
Aberdeen Global Income Fund Inc is a closed-end, non-diversified management investment company. The fund's principal investment objective is to provide high current income by investing primarily in fixed income securities. As a secondary investment objective, the fund seeks capital appreciation, but only when consistent with its principal investment objective. The fund invests in Government Bonds and Corporate Bonds and its investments are divided into three categories namely Developed Markets, Investment Grade Developing Markets and Sub-Investment Grade Developing Markets.