Shanghai Electric Group (OTCMKTS:SIELY) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.98 and traded as high as $7.00. Shanghai Electric Group shares last traded at $6.22, with a volume of 521 shares.

Shanghai Electric Group Trading Down 13.0 %

The company has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $6.61.

About Shanghai Electric Group

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Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.

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