Yue Yuen Industrial (OTCMKTS:YUEIY) Stock Crosses Above 50-Day Moving Average – Here’s Why

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $8.39 and traded as high as $8.81. Yue Yuen Industrial shares last traded at $8.81, with a volume of 825 shares traded.

Yue Yuen Industrial Price Performance

The firm has a 50-day moving average price of $8.39 and a 200 day moving average price of $9.36.

About Yue Yuen Industrial

Yue Yuen Industrial (Holdings) is a footwear manufacturer and supplier serving international athletic and casual footwear brands. The company produces finished shoes and related components, and provides product development and manufacturing services to brand customers. Founded in 1988, Yue Yuen is part of the Pou Chen Group. Its manufacturing operations are based primarily in Asia, and its products are supplied to markets around the world. Through its subsidiary Pou Sheng International, Yue Yuen also operates a retail business focused on sporting goods and apparel, particularly in mainland China.