Melco International Development (OTCMKTS:MDEVF) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Melco International Development Limited (OTCMKTS:MDEVFGet Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.58 and traded as high as $0.72. Melco International Development shares last traded at $0.72, with a volume of 2,000 shares changing hands.

Melco International Development Price Performance

The business’s 50 day moving average price is $0.58 and its 200-day moving average price is $0.68.

Melco International Development Company Profile

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Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.

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