MGM China (OTCMKTS:MCHVY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of MGM China Holdings Limited (OTCMKTS:MCHVYGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.87 and traded as low as $14.17. MGM China shares last traded at $14.48, with a volume of 3,517 shares changing hands.

MGM China Stock Performance

The company’s 50-day simple moving average is $15.87 and its 200 day simple moving average is $15.90.

About MGM China

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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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