China Jo-Jo Drugstores (NASDAQ:CJJD) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.00 and traded as high as $2.00. China Jo-Jo Drugstores shares last traded at $1.89, with a volume of 7,757 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of China Jo-Jo Drugstores in a research note on Thursday. They set a “sell” rating for the company.

View Our Latest Stock Analysis on China Jo-Jo Drugstores

China Jo-Jo Drugstores Price Performance

The company has a 50-day simple moving average of $1.98 and a 200 day simple moving average of $2.00.

China Jo-Jo Drugstores Company Profile

(Get Free Report)

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.

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