Melcor Developments (OTCMKTS:MODVF) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Melcor Developments Ltd. (OTCMKTS:MODVFGet Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.22 and traded as low as $10.15. Melcor Developments shares last traded at $10.15, with a volume of 200 shares.

Melcor Developments Price Performance

The company has a fifty day simple moving average of $10.69 and a two-hundred day simple moving average of $10.24.

About Melcor Developments

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Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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