Morgan Stanley China A Share Fund Bullish Moving Average Crossover Alert (CAF)
Today, shares of Morgan Stanley China A Share Fund (NYSE:CAF) have crossed bullishly above their 10-day moving average of $29.23 on a volume of 427K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Morgan Stanley China A Share Fund has traded in a range of $20.77 to $31.39 and is now at $29.46, 42% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.
SmarTrend recommended that subscribers consider buying shares of Morgan Stanley China A Share Fund on November 4th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.54. Since that recommendation, shares of Morgan Stanley China A Share Fund have risen 16.3%. We continue to monitor CAF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses morgan stanley china a share fund