Li Ning (OTCMKTS:LNNGY) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Li Ning Company Limited (OTCMKTS:LNNGY – Get Free Report)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $52.79 and traded as low as $48.60. Li Ning shares last traded at $50.86, with a volume of 10,027 shares trading hands.

Li Ning Stock Performance

The company has a 50-day moving average of $52.79 and a 200-day moving average of $50.75.

About Li Ning

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Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.

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