Li Ning (OTCMKTS:LNNGY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Li Ning Company Limited (OTCMKTS:LNNGYGet Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $51.96 and traded as high as $59.24. Li Ning shares last traded at $56.99, with a volume of 4,211 shares trading hands.

Li Ning Stock Up 5.4 %

The firm has a fifty day moving average of $52.16 and a two-hundred day moving average of $51.79.

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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