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abrdn Asian Income Fund (LON:AAIF) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

abrdn Asian Income Fund logo with Financial Services background
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Key Points

  • Intraday technical breach: abrdn Asian Income Fund shares dipped below their 50-day moving average, trading as low as GBX 275 before last trading at GBX 284.
  • Key moving averages and volume: the 50-day MA is GBX 283.40, the 200-day MA is GBX 264.24, and intraday volume was 115,494 shares.
  • Fund profile: the company has a market cap of £404.75 million, a PE ratio of 24.87 and a beta of 0.88, and it targets income and growth from Asian companies.
  • Interested in abrdn Asian Income Fund? Here are five stocks we like better.

abrdn Asian Income Fund (LON:AAIF - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 283.40 and traded as low as GBX 275. abrdn Asian Income Fund shares last traded at GBX 284, with a volume of 115,494 shares.

abrdn Asian Income Fund Price Performance

The firm has a market cap of £404.75 million, a PE ratio of 24.87 and a beta of 0.88. The company has a 50 day simple moving average of GBX 283.40 and a 200-day simple moving average of GBX 264.24.

abrdn Asian Income Fund Company Profile

(Get Free Report)

Targeting the income and growth potential of Asia's most compelling and sustainable companies.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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