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

Geely Automobile Holdings Limited (OTCMKTS:GELYYGet Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $37.04 and traded as low as $34.97. Geely Automobile shares last traded at $35.15, with a volume of 9,034 shares.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on GELYY

Geely Automobile Trading Down 2.3 %

The company’s 50 day simple moving average is $37.04 and its 200-day simple moving average is $29.20.

About Geely Automobile

(Get Free Report)

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.

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