MicroMarvel is a series of articles highlighting undercovered stocks with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile, so if you do decide to add them to your portfolio I highly recommend you use stop losses and limit orders.

Today's MicroMarvel is the closed-end fund investing in Taiwanese stocks managed by Nomura Asset Management Taiwan Fund (TWN). I found the stock by using Barchart's screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/22 the stock gained 9.71%.
 

(Click on image to enlarge)

TWN Price vs Daily Moving Averages (Barchart)

The Taiwan Fund, Inc. is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.S.A. Inc. It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio. The fund benchmarks the performance of its portfolio against the TAIEX Total Return Index. The Taiwan Fund, Inc. was formed on December 23, 1986 and is domiciled in the United States. 

Barchart Technical Indicators:

• 100% technical buy signals
• 47.40+ Weighted Alpha
• 39.67% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 15 new highs and up 13.93% in the last month
• Relative Strength Index 80.45%
• Technical support level at $38.02
• Recently traded at $38.20 with a 50-day moving average of $34.69

Fundamental Factors:

• Market Cap $285 million
• The Fund holds 41 Taiwanese stocks

Analysts and Investor Sentiment -- I don't buy stocks just because everyone else is buying, but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• The Fund's 5 year Total Return was 218.60% vs the 5 year Total Return of the S&P 500 Index of 101.84%

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