Yue Yuen Industrial (OTCMKTS:YUEIY) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) passed 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 changing hands.

Yue Yuen Industrial Price Performance

The business’s 50-day moving average price is $8.39 and its two-hundred day moving average price is $9.36.

Yue Yuen Industrial Company Profile

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.