Allianz Technology Trust (LON:ATT) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Allianz Technology Trust (LON:ATT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 533.23 and traded as high as GBX 540. Allianz Technology Trust shares last traded at GBX 535, with a volume of 783,959 shares traded.

Allianz Technology Trust Stock Performance

The stock has a market capitalization of £1.91 billion, a P/E ratio of 14.42 and a beta of 0.52. The stock has a 50-day simple moving average of GBX 533.36 and a 200 day simple moving average of GBX 509.52.

About Allianz Technology Trust

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. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.