Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECFGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.86 and traded as low as $11.44. Ellsworth Growth and Income Fund shares last traded at $11.51, with a volume of 32,266 shares changing hands.

Ellsworth Growth and Income Fund Stock Performance

The company has a 50 day simple moving average of $12.06 and a 200 day simple moving average of $11.86.

About Ellsworth Growth and Income Fund

(Get Free Report)

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.

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