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New World Development (OTCMKTS:NDVLY) Share Price Passes Below 50-Day Moving Average - Should You Sell?

New World Development logo with Finance background

New World Development Company Limited (OTCMKTS:NDVLY - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.31 and traded as low as $0.31. New World Development shares last traded at $0.34, with a volume of 11,361 shares.

New World Development Trading Up 3.6%

The company's 50 day moving average price is $0.31 and its 200 day moving average price is $0.33.

New World Development Company Profile

(Get Free Report)

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.

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