GrainCorp (OTCMKTS:GRCLF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

GrainCorp Limited (OTCMKTS:GRCLFGet Free Report)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.38 and traded as low as $4.79. GrainCorp shares last traded at $4.79, with a volume of 5,233 shares changing hands.

GrainCorp Price Performance

The business has a 50 day simple moving average of $5.38 and a 200-day simple moving average of $5.19.

About GrainCorp

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GrainCorp Limited (OTCMKTS:GRCLF) is an Australian agribusiness and global provider of bulk storage, handling, processing and marketing services for grain and related commodities. The company’s integrated supply chain operations enable it to source grain directly from growers, manage inland storage and receival facilities across eastern Australia, and transport commodities to port terminals for domestic and international customers.

Within its core grain division, GrainCorp offers commodity marketing services, risk management solutions and logistics support for the movement of cereal grains such as wheat, barley and canola.

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