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Redeia Corporación (OTCMKTS:RDEIY) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Redeia Corporación logo with Utilities background

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.06 and traded as high as $10.07. Redeia Corporación shares last traded at $9.97, with a volume of 14,372 shares.

Analyst Ratings Changes

Separately, BNP Paribas downgraded shares of Redeia Corporación from a "strong-buy" rating to a "hold" rating in a research report on Tuesday.

Read Our Latest Report on RDEIY

Redeia Corporación Price Performance

The company has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $9.14.

Redeia Corporación Company Profile

(Get Free Report)

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).

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