Melco International Development (OTCMKTS:MDEVF) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Melco International Development's stock has surpassed its fifty-day moving average of $0.67, trading as high as $0.68 during recent sessions.
• The company's stock is actively traded with a volume of 500 shares at its last price point of $0.68.
• Melco International Development operates in the leisure and entertainment sector across multiple countries, including Macau and Japan, with segments in Casino and Hospitality.

Melco International Development Ltd. (OTCMKTS:MDEVF - ) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.67 and traded as high as $0.68. Melco International Development shares last traded at $0.68, with a volume of 500 shares trading hands.

Melco International Development Stock Performance

The stock has a 50 day simple moving average of $0.67 and a 200 day simple moving average of $0.59.

About Melco International Development

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.

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