Country Garden (OTCMKTS:CTRYY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Country Garden Holdings Company Limited (OTCMKTS:CTRYYGet Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.75 and traded as low as $3.75. Country Garden shares last traded at $3.75, with a volume of 1,000 shares changing hands.

Country Garden Trading Up 0.8%

The firm’s 50-day moving average price is $3.75 and its 200 day moving average price is $3.75.

About Country Garden

(Get Free Report)

Country Garden Holdings Co, Ltd., trading as OTCMKTS:CTRYY, is a leading property developer headquartered in Foshan, Guangdong Province, China. Founded in 1992 by Yang Guoqiang, the company has grown into one of the nation’s largest real estate enterprises by focusing on large-scale residential communities and mixed-use developments. Country Garden completed its initial public offering on the Hong Kong Stock Exchange in 2007, fueling its rapid expansion across mainland China.

The company’s core business revolves around residential property development, with an emphasis on developing master-planned townships that integrate residential units with commercial facilities, public amenities and infrastructure.

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