Company Shares of Aberdeen Asia-Pacific Income Fund Inc (NYSEMKT:FAX) Rally 1.78%

Aberdeen Asia-Pacific Income Fund Inc (NYSEMKT:FAX) : Traders are bullish on Aberdeen Asia-Pacific Income Fund Inc (NYSEMKT:FAX) as it has outperformed the S&P 500 by a wide margin of 0.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 1.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 5.76% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $5.17 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.99 and the 200 Day Moving Average price is recorded at $4.80.

The stock has recorded a 20-day Moving Average of 2.23% and the 50-Day Moving Average is 4.02%.


Aberdeen Asia-Pacific Income Fund Inc (NYSEMKT:FAX): On Fridays trading session , Opening price of the stock was $5.16 with an intraday high of $5.1674. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.1. However, the stock managed to close at $5.14, a loss of 0.39% for the day. On the previous day, the stock had closed at $5.16. The total traded volume of the day was 804,638 shares.

In an insider trading activity, Mccabe Adam, officer (Vice President) of Aberdeen Asia-Pacific Income Fund Inc, executed a transaction worth $38,360 on May 5, 2015. A total of 7,000 shares were purchased at an average price of $5.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Aberdeen Asia-Pacific Income Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Funds investment objective is to seek current income. It may also achieve incidental capital appreciation. The Fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in Asian debt securities, Australian debt securities and New Zealand debt securities. Asian Countries include Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, the Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, Sri Lanka, Kazakhstan and Mongolia, and such other countries on the Asian continent approved for investment by the investment manager of the Fund. Aberdeen Asset Management Asia Limited serves as investment manager to the Fund.

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