Central Securities (NYSEAMERICAN:CET) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Central Securities (CET) briefly traded above its 50-day moving average, reaching an intraday high of $52.49, but the stock last traded at $51.50 and was down about 1.4%.
• The stock's 50-day moving average is $51.86 and its 200-day moving average is $50.99, with trading volume of 58,091 shares during the session.
• Central Securities is a publicly owned investment manager based in New York that invests in U.S. public equities, bonds, convertibles, preferreds, warrants, options and other securities, and was founded in 1929.

Central Securities Corporation (NYSEAMERICAN:CET - ) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $51.86 and traded as high as $52.49. Central Securities shares last traded at $51.50, with a volume of 58,091 shares changing hands.

Central Securities Stock Down 1.4%

The stock has a fifty day moving average of $51.86 and a 200-day moving average of $50.99.

About Central Securities

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.

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