Persimmon (OTCMKTS:PSMMY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Persimmon Plc (OTCMKTS:PSMMYGet Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $30.98 and traded as low as $29.94. Persimmon shares last traded at $29.94, with a volume of 6,294 shares.

Persimmon Price Performance

The firm’s 50-day moving average is $30.98 and its two-hundred day moving average is $33.73.

About Persimmon

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Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.

Further Reading

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