JPMorgan Indian (LON:JII) Shares Cross Above Fifty Day Moving Average - Should You Sell?

JPMorgan Indian (LON:JII - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 957.70 ($12.73) and traded as high as GBX 958 ($12.74). JPMorgan Indian shares last traded at GBX 958 ($12.74), with a volume of 222,522 shares trading hands.

JPMorgan Indian Trading Up 1.5 %

The company has a fifty day moving average price of GBX 954.68 and a 200-day moving average price of GBX 996.39. The firm has a market capitalization of £655.13 million, a price-to-earnings ratio of 5.43 and a beta of 0.57.

Insiders Place Their Bets

In other news, insider Charlotta Ginman bought 1,040 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of GBX 967 ($12.86) per share, for a total transaction of £10,056.80 ($13,371.63). Insiders own 1.35% of the company's stock.

About JPMorgan Indian

JPMorgan Indian Investment Trust plc provides expertly managed exposure to the long-term growth potential of the Indian market. Key points: Expertise - The largest Indian investment trust, managed by a highly-experienced team. Portfolio - Invests in the long-term growth potential of India, boosted by a growing middle class and young population. Results - Provides exposure to a market that can be difficult to access through a growth-orientated portfolio of Indian equities. *Source: Association of Investment Companies, January 2019 Why invest in this trust JPMorgan Indian Investment Trust plc was the first trust to focus purely on Indian companies.