New World Development (OTCMKTS:NDVLY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

New World Development Company Limited (OTCMKTS:NDVLYGet Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.33 and traded as high as $0.33. New World Development shares last traded at $0.30, with a volume of 1,057 shares changing hands.

New World Development Price Performance

The business has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $0.41.

About New World Development

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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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