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

Redeia Corporacion logo with Energy background

Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.39 and traded as high as $10.77. Redeia Corporacion shares last traded at $10.68, with a volume of 33,002 shares changing hands.

Analyst Ratings Changes

Separately, BNP Paribas cut shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

Get Our Latest Stock Analysis on Redeia Corporacion

Redeia Corporacion Price Performance

The company's 50-day simple moving average is $10.39 and its 200-day simple moving average is $9.47.

Redeia Corporacion 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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