EDF Makes Bullish Cross Above Critical Moving Average

Shares of Stone Harbor Emerging Markets Income Fund (EDF) crossed above their 200-day moving average of $5.01, trading as high as $5.06 and were up roughly 1.8% intraday. The action represents a modest technical breakout for the closed-end fund but is unlikely to move broader markets.

Analysis

Shares of Stone Harbor Emerging Markets Income Fund (EDF) crossed above their 200-day moving average of $5.01, trading as high as $5.06 and were up roughly 1.8% intraday. The action represents a modest technical breakout for the closed-end fund but is unlikely to move broader markets.