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Bearish Moving Average Cross by Morgan Stanley China A Share Fund (CAF)

By Shiri Gupta

Morgan Stanley China A Share Fund (NYSE:CAF) crossed under its 10-day moving average of $24.88 on a volume of 119K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Morgan Stanley China A Share Fund has traded in a range of $20.77 to $25.99 and is now at $24.74, 19% above that low. The 200-day and 50-day moving averages have moved 0.23% higher and 0.13% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Morgan Stanley China A Share Fund and will alert subscribers who have CAF in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses morgan stanley china a share fund

Ticker(s): CAF