Air China (OTCMKTS:AIRYY) Stock Passes Below Two Hundred Day Moving Average of $13.26

Air China Limited (OTCMKTSAIRYY) is a Chinese airline company that operates in the aviation industry. The company was founded in 1987 and has since grown to become one of the largest carriers in China, with a market capitalization of approximately $25 billion as of August 2021.

The two hundred day moving average (200-day SMA) is a technical analysis indicator that represents the average price of an asset over the past 200 trading days. It is often used by investors and traders to identify trends in the market and make informed decisions about buying or selling assets.

On August 19, 2021, Air China's stock price closed at $13.15, which was below its 200-day SMA of $13.26. This means that the stock has been trading below its moving average for the past day.

It is important to note that a single data point does not necessarily indicate a trend or signal a buying or selling opportunity. Investors and traders should consider other factors, such as fundamental analysis, market conditions, and their own investment objectives and risk tolerance, when making investment decisions.