Iberdrola (OTCMKTS:IBDSF) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Iberdrola, S.A. (OTCMKTS:IBDSFGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.79 and traded as high as $22.00. Iberdrola shares last traded at $22.00, with a volume of 11,305 shares trading hands.

Iberdrola Trading Down 3.9%

The business has a 50-day moving average price of $20.84 and a two-hundred day moving average price of $19.41.

About Iberdrola

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Iberdrola (OTCMKTS:IBDSF) is a Spanish multinational electric utility company with core activities spanning the generation, transmission and distribution of electricity. The company has established itself as a global leader in renewable energy, particularly wind power, and maintains a diversified portfolio that includes hydroelectric, solar and conventional thermal generation assets. In addition to power generation, Iberdrola provides integrated energy services and solutions for residential, commercial and industrial customers.

The company’s operations extend across Europe, North America and Latin America.

Further Reading

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