Allianz Technology Trust (LON:ATT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Allianz Technology Trust (LON:ATT) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 389.44 ($5.34) and traded as high as GBX 425.50 ($5.84). Allianz Technology Trust shares last traded at GBX 424 ($5.82), with a volume of 709,100 shares trading hands.

Allianz Technology Trust Price Performance

The company’s 50 day moving average is GBX 389.44 and its 200 day moving average is GBX 397.12. The stock has a market cap of £1.61 billion, a price-to-earnings ratio of 3.20 and a beta of 0.52.

Allianz Technology Trust Company Profile

Allianz Technology Trust is managed by the highly experienced AllianzGI Global Technology team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.

The Trust is a UK listed closed-end fund which aims to achieve long-term capital growth by investing principally in technology companies globally.