Bearish Moving Average Cross by Morgan Stanley China A Share Fund (CAF)
Morgan Stanley China A Share Fund (NYSE:CAF) shares have crossed bearishly below their 10-day moving average of $33.82 on a volume of 321K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Morgan Stanley China A Share Fund share prices have moved between a 52-week high of $38.08 and a 52-week low of $21.80 and are now trading 53% above that low price at $33.46 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.
SmarTrend is monitoring the recent change of momentum in Morgan Stanley China A Share Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Morgan Stanley China A Share Fund in search of a potential trend change.
Keywords: moving crosses morgan stanley china a share fund