Romanian Investment Fund (NYSEAMERICAN:RIF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Romanian Investment Fund (NYSEAMERICAN:RIFGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.90 and traded as low as $11.69. Romanian Investment Fund shares last traded at $11.90, with a volume of 60,100 shares trading hands.

Romanian Investment Fund Stock Up 1.2%

The firm’s 50 day simple moving average is $11.90 and its 200 day simple moving average is $11.90.

About Romanian Investment Fund

(Get Free Report)

Romanian Investment Fund is a closed-end investment company listed on the NYSE American under the ticker RIF. The fund’s primary objective is long-term capital appreciation through equity investments in Romanian companies across a range of industries, including financial services, industrials, consumer goods and real estate. By pooling capital into a diversified portfolio of publicly traded and privately placed Romanian securities, the fund offers investors targeted exposure to the country’s growing economy and capital markets.

The fund is managed by a Bucharest-based team that conducts fundamental research and company analysis to identify growth opportunities and attractively valued equities.

Read More

Receive News & Ratings for Romanian Investment Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Romanian Investment Fund and related companies with MarketBeat.com's FREE daily email newsletter.