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Shanghai Electric Group (OTCMKTS:SIELY) Shares Cross Below Fifty Day Moving Average - Should You Sell?

Shanghai Electric Group logo with Industrials background

Shares of Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.47 and traded as low as $6.45. Shanghai Electric Group shares last traded at $6.68, with a volume of 3,627 shares trading hands.

Shanghai Electric Group Stock Up 2.2%

The firm's 50 day moving average price is $6.44 and its two-hundred day moving average price is $6.99.

About Shanghai Electric Group

(Get Free Report)

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.

Further Reading

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