Country Garden (OTCMKTS:CTRYY) Shares Cross Above 50-Day Moving Average – Should You Sell?

Country Garden Holdings Company Limited (OTCMKTS:CTRYY)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.75 and traded as high as $4.07. Country Garden shares last traded at $3.75, with a volume of 1,000 shares.

Country Garden Price Performance

The firm has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.75.

About Country Garden

Country Garden Holdings Co, Ltd., trading as OTCMKTS:CTRYY, is a leading property developer headquartered in Foshan, Guangdong Province, China. Founded in 1992 by Yang Guoqiang, the company has grown into one of the nation’s largest real estate enterprises by focusing on large-scale residential communities and mixed-use developments. Country Garden completed its initial public offering on the Hong Kong Stock Exchange in 2007, fueling its rapid expansion across mainland China.

The company’s core business revolves around residential property development, with an emphasis on developing master-planned townships that integrate residential units with commercial facilities, public amenities and infrastructure.