Recon Technology (NASDAQ:RCON) Share Price Passes Above 200-Day Moving Average – What’s Next?

Recon Technology, Ltd. (NASDAQ:RCONGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.06 and traded as high as $3.24. Recon Technology shares last traded at $3.16, with a volume of 6,954 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Recon Technology in a report on Saturday. They issued a “sell” rating on the stock.

Check Out Our Latest Report on Recon Technology

Recon Technology Stock Up 2.9 %

The company’s fifty day simple moving average is $2.67 and its 200-day simple moving average is $2.06.

Recon Technology Company Profile

(Get Free Report)

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.

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