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Aberdeen Asia Pacific Incorporated Fund Breaks Above 200-Day Moving Average - Bullish for FAX

By Market News Video Staff, Monday, October 24, 11:51 AM ET
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In trading on Monday, shares of Aberdeen Asia Pacific Incorporated Fund (AMEX:FAX) crossed above their 200 day moving average of $7.10, changing hands as high as $7.12 per share. Aberdeen Asia Pacific Incorporated Fund shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of FAX shares, versus its 200 day moving average:

Aberdeen Asia Pacific Incorporated Fund 200 Day Moving Average Chart

Looking at the chart above, FAX's low point in its 52 week range is $6.10 per share, with $7.84 as the 52 week high point — that compares with a last trade of $7.12.

According to the ETF Finder at ETF Channel, FAX makes up 2.43% of the CEF Income Composite Portfolio ETF (AMEX:PCEF) which is trading up by about 0.3% on the day Monday.

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