Melcor Developments (OTCMKTS:MODVF) Shares Cross Above 50 Day Moving Average – What’s Next?

Melcor Developments Ltd. (OTCMKTS:MODVFGet Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.57 and traded as high as $10.99. Melcor Developments shares last traded at $10.99, with a volume of 254 shares trading hands.

Melcor Developments Price Performance

The business’s 50 day moving average is $10.57 and its 200 day moving average is $10.48.

About Melcor Developments

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Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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