adidas (OTCMKTS:ADDDF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

adidas AG (OTCMKTS:ADDDFGet Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $188.38 and traded as high as $189.09. adidas shares last traded at $185.06, with a volume of 20 shares trading hands.

adidas Price Performance

The firm has a 50-day moving average of $188.38 and a 200 day moving average of $204.54.

adidas Company Profile

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adidas AG (OTCMKTS:ADDDF) is a German multinational corporation specializing in the design, manufacture and distribution of athletic footwear, apparel and accessories. The company’s product portfolio spans performance running, training, football, basketball, outdoor and lifestyle categories, serving professional athletes and everyday consumers. Through its flagship adidas brand and collaborations under labels such as Y-3 and adidas Originals, the firm delivers style-driven, technology-rich offerings worldwide.

adidas operates an integrated value chain that encompasses product design, research and development, sourcing, manufacturing and wholesale and direct-to-consumer channels.

Further Reading

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