HomeMost Popular"Strong Bullish Signal: MLCO Crosses Above 200-Day Moving Average"

“Strong Bullish Signal: MLCO Crosses Above 200-Day Moving Average”

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Melco Resorts Surges Past Key Moving Average

Stock Climbs 6.3% as It Exceeds 200-Day Moving Average

In trading on Thursday, shares of Melco Resorts & Entertainment Ltd (Symbol: MLCO) rose above their 200-day moving average of $7.08, reaching a high of $7.29 per share. Currently, Melco Resorts shares are up approximately 6.3% for the day. The chart below illustrates the one-year performance of MLCO shares compared to its 200-day moving average:

Melco Resorts & Entertainment Ltd 200 Day Moving Average Chart

The chart indicates that MLCO’s lowest point in its 52-week range stands at $4.78 per share, while the highest recorded price is $9.56. The most recent trade was at $7.12.

nslideshow Click here to see which 9 other stocks have recently crossed above their 200-day moving average »

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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.

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