Morgan Stanley China A Share Fund Bullish Moving Average Crossover Alert (CAF)
Today, shares of Morgan Stanley China A Share Fund (NYSE:CAF) have advanced above their 10-day MA of $24.24 on a volume of 173K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Morgan Stanley China A Share Fund have traded between a low of $22.00 and a high of $38.08 and are now at $24.55, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Morgan Stanley China A Share Fund on June 19th, 2015 by issuing a Downtrend alert when the shares were trading at $33.61. Since that call, shares of Morgan Stanley China A Share Fund have fallen 29.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses morgan stanley china a share fund