Central Japan Railway (OTCMKTS:CJPRY) Shares Cross Above 50 Day Moving Average of $12.50

Central Japan Railway (OTCMKTSCJPRY) is a Japanese railway company that operates in central Japan. The company was established in 1957 and has since become one of the largest railway operators in the country.

The stock price of Central Japan Railway passed above its fifty day moving average of $12.50 during trading on Friday, indicating that the stock is experiencing positive momentum. The stock traded as high as $12.70, which is a 2% increase from its previous closing price of $12.66.

The volume of shares trading hands was 20,947, which is relatively low compared to the average daily trading volume of the company. However, this could be due to the fact that it was a holiday weekend in Japan.

It's worth noting that while the stock price passing above its moving average is a positive sign, it does not necessarily indicate that the stock will continue to rise in value. Other factors such as the company's financial performance, industry trends, and broader market conditions can also impact the stock's performance.