Nine Dragons Paper (OTCMKTS:NDGPY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.15 and traded as low as $7.70. Nine Dragons Paper shares last traded at $8.04, with a volume of 2,144 shares changing hands.

Nine Dragons Paper Stock Performance

The firm has a 50 day moving average price of $8.15 and a 200-day moving average price of $8.28.

Nine Dragons Paper Company Profile

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.