Geely Automobile (OTCMKTS:GELYY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Geely Automobile Holdings Limited (OTCMKTS:GELYYGet Free Report) passed 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 trading hands.

Analyst Ratings Changes

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

Read Our Latest Analysis on Geely Automobile

Geely Automobile Price Performance

The business’s 50 day simple moving average is $37.04 and its 200 day simple moving average is $29.25.

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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