MGM China (OTCMKTS:MCHVF) Shares Cross Below Fifty Day Moving Average – Here’s Why

MGM China Holdings Limited (OTCMKTS:MCHVFGet Free Report)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.08 and traded as low as $1.08. MGM China shares last traded at $1.08, with a volume of 12,000 shares trading hands.

MGM China Stock Down 20.6 %

The firm’s 50 day moving average is $1.08 and its 200-day moving average is $1.19.

MGM China Company Profile

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MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.

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