Geely Automobile (OTCMKTS:GELYY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Geely Automobile Holdings Limited (OTCMKTS:GELYY) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $37.16 and traded as high as $37.28. Geely Automobile shares last traded at $36.21, with a volume of 9,686 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded Geely Automobile from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th.

Geely Automobile Stock Down 3.8 %

The business’s 50-day moving average price is $37.16 and its 200-day moving average price is $28.66.

Geely Automobile Company Profile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.