EMD Makes Bullish Cross Above Critical Moving Average

In trading on Thursday, shares of Western Asset Emerging Markets Income Fund (EMD) crossed above their 200 day moving average of $15.63, changing hands as high as $15.73 per share. Western Asset Emerging Markets Income Fund shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of EMD shares, versus its 200 day moving average:

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Western Asset Emerging Markets Income Fund 200 Day Moving Average Chart

Looking at the chart above, EMD's low point in its 52 week range is $15.04 per share, with $16.16 as the 52 week high point — that compares with a last trade of $15.65.

According to the ETF Finder at ETF Channel, EMD makes up 1.66% of the PowerShares CEF Income Composite Portfolio ETF ( PCEF) which is trading higher by about 0.2% on the day Thursday.

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