TMCnet News

Shares of FAX Up 11.7% Since Uptrend Call on Shares
[November 13, 2012]

Shares of FAX Up 11.7% Since Uptrend Call on Shares


Nov 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Aberdeen Asia-Pacific Income Fund (AMEX:FAX) on October 25th, 2011 at $7.12. In approximately 13 months, Aberdeen Asia-Pacific Income Fund has returned 11.74% as of today's recent price of $7.95.



In the past 52 weeks, shares of Aberdeen Asia-Pacific Income Fund have traded between a low of $6.10 and a high of $8.01 and are now at $7.95, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Aberdeen Asia-Pacific Income Fund, Inc. is a closed-end, non-diversified investment company incorporated in the USA. The Fund's objective seeks current income. The Fund may also achieve incidental capital appreciation. The Fund will invest primarily in Asian debt securities.


SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Aberdeen Asia-Pacific Income Fund shares.Log in and add Aberdeen Asia-Pacific Income Fund (FAX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To TMCnet.com's Homepage ]