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Wednesday, March 28, 2012

Unique Volume Found In Shares Of (NYSE: CHN)

The China Fund, Inc. (NYSE: CHN): traded higher by 2.78% or $0.63/share to $23.28. In the past year, the shares have traded as low as $19.75 and as high as $32.78. On average, 79495 shares of CHN exchange hands on a given day and today's volume is recorded at 481488. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $23.57 represents resistance and the 50-day moving average of $22.92 would be an area of support.