Shanghai Electric Group (OTCMKTS:SIELY) Stock Passes Above 50-Day Moving Average – What’s Next?

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.97 and traded as high as $11.40. Shanghai Electric Group shares last traded at $10.8625, with a volume of 1,028 shares.

Shanghai Electric Group Stock Down 6.0%

The firm’s fifty day moving average price is $10.97 and its 200-day moving average price is $8.70.

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.

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