MGM China (OTCMKTS:MCHVY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of MGM China Holdings Limited (OTCMKTS:MCHVYGet Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.15 and traded as low as $19.50. MGM China shares last traded at $19.50, with a volume of 125 shares traded.

MGM China Stock Up 11.4%

The business’s 50 day moving average price is $21.15 and its 200-day moving average price is $21.75.

About MGM China

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MGM China Holdings Limited is a developer and operator of luxury integrated resorts in the Macau Special Administrative Region of China. The company’s core business encompasses casino gaming, hospitality, entertainment, retail and convention services. Through its flagship properties, MGM China offers a full spectrum of experiences, ranging from high-end gaming salons and mass-market gaming tables to fine dining venues, world-class entertainment shows and upscale retail boutiques.

MGM China’s portfolio includes two major integrated resorts: MGM Macau, located on the Macau Peninsula, and MGM Cotai, situated in the Cotai resort zone.

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